Commission Decision (EU) 2016/644 of 16 January 2015 on the State aid No SA 31855 (11/C, ex N 503/10) which Cyprus is planning to grant for the restructuring of the Central Slaughterhouse of Kofinos (notified under document C(2015) 58)

• CELEX: Decision (EU) 2016/644
• Articles: 7

Article 1

The State aid which Cyprus is planning to grant for the restructuring of the Central Slaughterhouse of Kofinos (‘CSK’) is incompatible with the internal market.

This aid shall accordingly not be implemented.

Article 2

Cyprus shall inform the Commission, within two months of notification of this Decision, of the measures taken to comply with Article 1.

Article 3

The rescue aid of EUR 1,6 million for CSK approved by Commission Decision of 6 May 2010, as well as the aid in relation to the state's tolerance for delays in the payment of amounts due, in connection with the transfer of personnel to municipalities and in relation to the loan of EUR 512 850 constitute State aid incompatible with the internal market.

Article 4

1.   Cyprus shall recover the aid referred to in Article 3 from the beneficiary, CSK.

2.   The sums to be recovered shall bear interest from the date on which they were put at the disposal of the beneficiary until their actual recovery.

3.   The interest shall be calculated on a compound basis in accordance with Chapter V of Commission Regulation (EC) No 794/2004  ( 23 ) and to Commission Regulation (EC) No 271/2008  ( 24 ) amending Regulation (EC) No 794/2004.

4.   Cyprus shall cancel all outstanding payments of the aid referred to in Article 3 with effect from the date of adoption of this decision.

Article 5

1.   Recovery of the aid referred to in Article 3 shall be immediate and effective.

2.   Cyprus shall ensure that this decision is implemented within four months following the date of notification of this Decision.

Article 6

1.   Within two months following notification of this Decision, Cyprus shall submit the following information to the Commission:

(a)

the total amount (principal and recovery interests) to be recovered from the beneficiary;

(b)

a detailed description of the measures already taken or planned to comply with this Decision;

(c)

documents demonstrating that the beneficiary has been ordered to repay the aid.

2.   Cyprus shall keep the Commission informed of the progress of the national measures taken to implement this Decision until recovery of the aid referred to in Article 3 has been completed. It shall immediately submit, on simple request by the Commission, information on the measures already taken and planned to comply with this Decision. It shall also provide detailed information concerning the amounts of aid and recovery interest already recovered from the beneficiary.

Article 7

This Decision is addressed to the Republic of Cyprus.