98/157/EC: Commission Decision of 5 November 1997 concerning aid Spain proposes to grant to Astilleros Zamacona SA in respect of five tugboats (Only the Spanish text is authentic) (Text with EEA relevance)
Data as of 2026-07-04 Β· Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Β· Read the official text β
The proposal of Spain to grant aid in the form of a direct grant to Astilleros Zamacona SA of up to 9 % of the contract value before aid for five tugboat contracts (Nos 300, 301, 318, 319 and 320) signed in December 1991 is incompatible with the common market, since the aid does not comply with Article 4(3) of Directive 90/684/EEC.
Spain shall reduce the level of aid proposed for the five contracts in question so as to ensure that the level of aid in respect of each vessel does not exceed 4,5 % of the contract value before aid, in accordance with the common maximum ceiling for 1992 and 1993 as fixed by the Commission in accordance with the provisions of Article 4(2), (3) and (4) of Directive 90/684/EEC.
Spain shall inform the Commission, within two months of notification of this Decision, of the measures taken to comply therewith.
This Decision is addressed to the Kingdom of Spain. Done at Brussels, 5 November 1997. For the Commission Karel VAN MIERT Member of the Commission (1) OJ L 380, 31. 12. 1990, p. 27. (2) OJ L 351, 31. 12. 1994, p. 10. (3) OJ C 58, 25. 2. 1997, p. 8.
Source: EUR-Lex (Publications Office of the EU), Β© European Union, reuse permitted under Commission Decision 2011/833/EU.