The state aid amounting to DEM 60640000 (EUR 30004739) plus interest which Germany has granted and is to grant to Kranbau Eberswalde is compatible with the common market.
According to the information available, the aid consists of the following measures:
(a) a DEM 5 million loan granted by the Federal Office for Special Unification-related Tasks (BvS) and its subsequent waiver together with DEM 95000 in interest;
(b) a DEM 5 million loan granted by the Land of Brandenburg and its subsequent waiver together with DEM 76000 in interest;
(c) a DEM 15 million loan from the BvS at an annual interest rate of 5 % and its subsequent waiver in the event of a positive Commission decision;
(d) a DEM 5 million contribution from the Brandenburg consolidation fund;
(e) a DEM 24 million guarantee provided by the Federal Government and the Land;
(f) a DEM 2,5 million grant from the BvS.
In accordance with the guidelines on State aid for rescuing and restructuring firms in difficulty, Germany shall submit detailed annual reports on the implementation of the restructuring plan.
This Decision is addressed to the Federal Republic of Germany.
Done at Brussels, 28 July 1999.
For the Commission
Karel VAN MIERT
Member of the Commission
(1) OJ L 83, 27.3.1999, p. 1.
(2) OJ C 353, 19.11.1998, p. 3.
(3) See footnote 2.
(4) The unemployment rate in the relevant region is 22,1 %. If secondary employment is also taken into account, the figure is increased by a further 6,9 %.
(5) OJ C 213, 27.7.1996, p. 4.
(6) Business secret.
(7) This table contains only a selection of key data, and the columns are not arithmetically complete.
(8) This figure does not include loan interest.
(9) SG(95) D/9074.
(10) 27th framework programme.
(11) This loan is covered by a guarantee provided by Kirow-Leipzig Rail & Port AG amounting to DEM 3 million and by a guarantee provided by Koehem Beteiligungsgesellschaft GmbH & Co. Holding KG amounting to DEM 3 million. The German authorities confirm that neither the Federal Government nor the Land of Brandenburg is involved in these.
(12) See pages 57 and 60 of Statistiches Handbuch fΓΌr den Maschinenbau, 1997 edition, published by the Verband Deutscher Maschinen- und Anlagenbau e.V.
(13) OJ C 368, 23.12.1994, p. 12.
(14) See footnote 8.
(15) 27th framework programme.
(16) See Commission Decision in aid case N 464/93.
(17) See Joined Cases C-278/92 and C-279/92 Spain v Commission (Hytasa/Imepiel) [1994] ECR 1-4103.
(18) For details of the investor contribution, see Section V.
(19) For details of the investor contribution, see Section V.
