2002/866/EC: Commission decision of 27 February 2002 on the State aid implemented by Germany for Hoch- und Ingenieurbau GmbH (HIG) (Text with EEA relevance.) (notified under document number C(2002) 589)

Decision · 2 articles

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 ↗

Article 1

The State aid which Germany has implemented for Hoch- und Ingenieurbau GmbH (HIG), amounting to EUR 892204 (DEM 1745000), plus the interest subsidies represented by the annual premiums of 2,44 percentage points inherent in the credit line of EUR 195313 (DEM 382000) and of two percentage points inherent in the credit in the form of a bank guarantee (Avalrahmen) of EUR 204516 (DEM 400000) from the Deutsche Kreditbank Gera, is compatible with the common market within the meaning of Article 87(3)(c) of the EC Treaty.

Article 2

This Decision is addressed to the Federal Republic of Germany. Done at Brussels, 27 February 2002. For the Commission Mario Monti Member of the Commission (1) OJ C, 335, 29.11.2001, p. 2. (2) See footnote 1. (3) Germany states that these measures were earmarked for the financing of the fixed assets. (4) Subsequent instalments of DEM 385000 and DEM 117000 were disbursed in September 1998 and December 1999 respectively. (5) Bürgschaftsrichtlinie der Thüringer Aufbaubank, SG(96) D/11696 of 27 December 1996 (N 117/96). (6) ERP-Existenzgründungsprogramm, SG(97) D/1413 of 25 February 1997 (E 4/94). (7) OJ C 68, 6.3.1996, p. 9. (8) Investitionszulage für die neuen Bundesländer, SG(95) D/17154 of 27 December 1995, as amended by SG(96) D/3794 of 12 April 1996 (N 494/A/95). (9) KMU-Investitionssicherungsprogramm des Landes Thüringen, SG(93) D/19245 of 26 November 1993, as amended by SG(98) D/4313 of 2 June 1998 (N 408/93). (10) See footnote 9. (11) OJ C 368, 23.12.1994. (12) KMU-Investitionssicherungsprogramm des Landes Thüringen, SG(93) D/19245 of 26 November 1993, as amended by SG(98) D/4313 of 2 June 1998 (N 408/93). (13) See footnote 9. (14) In accordance with the Commission notice on the method for setting the reference and discount rates (OJ C 273, 9.9.1997). (15) See footnote 11. (16) OJ C 288, 9.10.1999, p. 2. (17) Cases: KHK Verbindetechnik GmbH Brotterode (11,5 %), OJ L 31 of 1.2.2002 p. 80; GMB Magnete Bitterfeld (12 %), OJ C 50 of 17.2.1998, p. 6; Stahl- und Maschinenbau Rostock (12 %), OJ C 365 of 18.12.1999, p. 9; Draiswerke (11 %), OJ L 108 of 27.4.1999, p. 44.

Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.

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