94/1074/EC: Commission Decision of 5 December 1994 on the German authorities' proposal to award aid to Textilwerke Deggendorf GmbH, Thüringen (Text with EEA relevance)

• Articles: 4

Article 1

The aid that the German authorities propose to award Textilwerke Deggendorf GmbH, comprising a grant of DM 23 460 000 under the Joint Task scheme for the improvement of the regional economic structure, an investment tax allowance of up to DM 6 696 000 under the Investment Tax Law and an interest rate subsidy on a 10-year loan of DM 14 652 000 from the Kreditanstalt fuer Wiederaufbau with a two-year grace period and at 7,75 %, is compatible with the common market within the meaning of Article 92 (3) (a) of the EC Treaty and is compatible with the functioning of the EEA Agreement.

Article 2

The German authorities shall suspend payment of part of the aid referred to in Article 1, totalling DM 5 160 700, until they have recovered the illegal and incompatible aid awarded to Textilwerke Deggendorf GmbH between 1981 and 1983 referred to in Article 1 of Decision 86/509/EEC.

Article 3

The German Government shall inform the Commission within two months of the date of notification of this Decision of the measures taken to comply with it.

Article 4

This Decision is addressed to the Federal Republic of Germany.

Done at Brussels, 5 December 1994.

For the Commission Karel VAN MIERT Member of the Commission

(1) OJ No C 179, 16. 7. 1992, p. 3.

(2) OJ No L 300, 24. 10. 1986, p. 34.

(3) OJ No L 215, 2. 8. 1991, p. 16.

(4) OJ No L 183, 3. 7. 1992, p. 36.

(1) OJ No C 172, 23. 6. 1993, p. 2.

(2) Due to an administrative error, the figures shown in the notice of the opening of the Article 93 (2) procedure were incorrect.

(3) OJ No C 74, 12. 3. 1994, p. 5.

(1) OJ No C 71, 13. 3. 1993, p. 4.

(2) OJ No C 346, 30. 12. 1992, p. 2.

(1) Case C-261/89, Italy v. Commission, [1991] ECR I-4437.