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.
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.
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.
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
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(3) OJ No L 215, 2. 8. 1991, p. 16.
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(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.
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(1) Case C-261/89, Italy v. Commission, [1991] ECR I-4437.
