98/664/EC: Commission Decision of 16 December 1997 on State aid granted by the Land of Thuringia to Thüringer Motorenwerke GmbH [notified under document number C(1997) 4341] (Only the German text is authentic) (Text with EEA relevance)
Data as of 2026-07-04 · Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗
The aid granted to Thüringer Motorenwerke GmbH under the first loan of July 1995 amounting to DEM 2 million is illegal, but is compatible with the common market since it qualifies for the exemption provided for in Article 92(3)(c) of the EC Treaty.
The aid granted to Thüringer Motorenwerke GmbH under the second loan of February 1996 amounting to DEM 0,8 million and the third loan of April 1996 amounting to DEM 2 million is not eligible for the exemptions provided for in Article 92(3) and is therefore incompatible with the common market.
Germany shall recover the aid provided referred to in Article 2. Repayment shall be made in accordance with the procedures and provisions of German law, together with interest as from the date on which the aid was granted, at an interest rate equal to the percentage value on such date of the reference rate used to calculate the net grant equivalent of regional aid in Germany.
Germany shall inform the Commission within two months from the date of notification of this Decision of the measures it has taken to comply therewith.
This Decision is addressed to the Federal Republic of Germany. Done at Brussels, 16 December 1997. For the Commission Karel VAN MIERT Member of the Commission (1) OJ C 215, 25.7.1996, p. 6. (2) OJ C 104, 3.4.1997, p. 6. (3) See footnote 1. (4) OJ C 368, 23.12.1994, p. 12. (5) OJ C 284, 28.10.1995, p. 3.
Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.