Commission Decision (EU) 2020/1814 of 28 June 2019 ON THE STATE AID SA.33846 – (2015/C) (ex 2014/NN) (ex 2011/CP) implemented by Finland for Helsingin Bussiliikenne Oy (notified under document C(2019) 3152) (Only the Finnish and Swedish texts are authentic) (Text with EEA relevance)

• CELEX: Decision (EU) 2020/1814
• Articles: 6

Article 1

The State aid amounting to EUR 54 231 850 unlawfully granted by Finland under aid Measures 1, 2, 3 and 4, in breach of Article 108(3) of the Treaty on the Functioning of the European Union, in favour of Helsingin Bussiliikenne Oy is incompatible with the internal market.

Article 2

1.   Finland shall recover the aid referred to in Article 1 from the beneficiary.

2.   In view of the economic continuity between old HelB (now Helsingin kaupungin Linja-autotoiminta Oy) and new HelB (full name – Helsingin Bussiliikenne Oy, previously – Viikin Linja Oy), the obligation to repay the aid shall be extended to the new HelB (full name – Helsingin Bussiliikenne Oy).

3.   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.

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

Article 3

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

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

Article 4

1.   Within two months following notification of this Decision, Finland 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 and planned to comply with this Decision;

(c)

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

2.   Finland 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 1 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 5

This Decision is addressed to the Republic of Finland.

The Commission may publish the amounts of aid and recovery interest recovered in application of this decision, without prejudice to Article 30 of Regulation (EU) 2015/1589.

Schedules & Appendices

ANNEX Calculation of aid amount in Measures 1 and 2

ANNEX

Calculation of aid amount in Measures 1 and 2

Measure 1 (the 2002 equipment loan)

Principal outstanding

Interest rate difference

Aid amount

24.5.2002

13 000 000

3,95%

136 933

31.8.2002

14 000 000

3,95%

44 547

30.9.2002

14 500 000

3,95%

143 188

31.12.2003

14 500 000

3,95%

572 750

31.12.2004

14 500 000

3,95%

572 750

31.12.2005

14 500 000

3,95%

572 750

31.12.2006

14 500 000

3,95%

572 750

31.12.2007

14 500 000

3,95%

572 750

31.12.2008

14 300 000

3,95%

564 850

31.12.2009

13 700 000

3,95%

541 150

31.12.2010

13 100 000

3,95%

517 450

31.12.2011

12 500 000

3,95%

493 750

23.5.2012

11 900 000

3,95%

185 409

24.5.2012

11 900 000

9.95%

710 430

31.12.2013

11 300 000

9.95%

1 124 350

31.12.2014

10 700 000

9.95%

1 064 650

31.12.2015

10 700 000

9.95%

1 064 650

13.1.2006

10 700 000

9.95%

35 488

Aid in interest

9 490 595

Aid in waived principal

10 700 000

Total aid

20 190 595

Measure 2 (the 2005 capital loan)

Principal outstanding (with capitalised interest)

Interest rate difference

Aid amount

(i) the ‘set-up’ loan

31.12.2005

12 255 223,50

8.08%

990 222

31.12.2006

13 245 445,56

8,08%

1 070 232

31.12.2007

14 315 677,56

8,08%

1 156 707

31.12.2008

15 472 384,31

8,08%

1 250 169

31.12.2009

16 722 552,96

8,08%

1 351 182

31.12.2010

18 073 735,24

8,08%

1 460 358

31.12.2011

19 534 093,05

8,08%

1 578 355

31.12.2012

21 112 447,76

8,08%

1 705 886

31.12.2013

22 818 333,54

8,08%

1 843 721

31.12.2014

24 662 054,89

8,08%

1 992 694

11.12.2015

26 654 748,93

8,08%

2 034 054

Sub-total the ‘set-up’ loan

16 433 579

(ii) the STA liability

18.4.2006

3 638 476,87

7,70%

196 114

2007

3 834 590,77

7,70%

295 263

2008

4 129 854,26

7,70%

317 999

2009

4 447 853,04

7,70%

342 485

2010

4 790 337,73

7,70%

368 856

2011

5 159 193,73

7,70%

397 258

2012

5 556 451,65

7,70%

427 847

2013

5 984 298,42

7,70%

460 791

2014

6 445 089,40

7,70%

496 272

11.12.2015

6 941 361,29

7,70%

504 791

Sub-total the STA liability

3 807 676

Total aid

20 241 255