2003/310/EC: Commission Decision of 2 October 2002 on the State aid granted by Italy to Iveco SpA (Text with EEA relevance) (notified under document number C(2002) 3580)

• Articles: 2

Article 1

The State aid which Italy plans to grant to Iveco SpA in Foggia, amounting to EUR 121658000 gross grant equivalent at nominal values (corresponding to EUR 108915621 at current values, base year 2000, discount rate 5,70 %), towards an eligible investment of EUR 265610000 in nominal terms (corresponding to EUR 247763583 at current values), is compatible with the common market within the meaning of Article 87(3)(a) of the Treaty.

Article 2

This Decision is addressed to the Italian Republic.

Done at Brussels, 2 October 2002.

For the Commission

Mario Monti

Member of the Commission

(1) OJ C 53, 28.2.2002, p. 2.

(2) See footnote 1.

(3) Commission decision of 1 March 2000 on case N 792/99: OJ C 175, 24.6.2000, p. 11.

(4) Commission decision of 12 July 2000 to raise no objection in case N 715/99: OJ C 278, 30.10.2000.

(5) Converting into statute, with amendments, the Decree-law of 22 October 1992, No 415, amending the Act of 1 March 1986, No 64, with respect to the organisation of the special measures for the South and rules for measures to facilitate production activities.

(6) On measures to rationalise public finances.

(7) See footnote 1.

(8) OJ C 279, 15.9.1997, p. 1 and OJ C 368, 22.12.2001 p. 10.