2000/131/EC: Commission Decision of 26 October 1999 on the State aid implemented by Spain in favour of the publicly owned shipyards (notified under document number C(1999) 3864) (Text with EEA relevance) (Only the Spanish version is authentic)

• Articles: 4

Article 1

The State aid granted by Spain in favour of its publicly owned shipyards amount to EUR 110892743,38 (ESP 18,451 billion), is incompatible with the common market.

Article 2

1. Spain shall take the necessary measures to recover from the recipient the aid referred to in article 1.

2. Recovery shall be effected in accordance with the procedures of national law. The aid to be recovered shall bear interest from the date on which it was made available to the recipient until recovery. Interest shall be calculated on the basis of the reference rate used for calculating the grant equivalent of regional aids.

Article 3

Spain shall inform the Commission, within two months following notification of this Decision, of the measures taken to comply with it.

Article 4

This Decision is addressed to the Kingdom of Spain.

Done at Brussels, 26 October 1999.

For the Commission

Mario MONTI

Member of the Commission

(1) OJ L 380, 31.12.1990, p. 27.

(2) OJ L 332, 30.12.1995, p. 1.

(3) OJ L 148, 6.6.1997, p. 1.

(4) OJ C 113, 24.4.1999, p. 14.

(5) See footnote 4.

(6) OJ C 354, 21.11.1997, p. 2.

(7) BOE 315, 31 December 1996, p. 38974.

(8) See footnote 6.

(9) Rec. 1980, p. 2671, paragraph 17.

(10) BOE 310 of 28 December 1995, p. 37072.