98/157/EC: Commission Decision of 5 November 1997… Article 2

Article 2

Spain shall reduce the level of aid proposed for the five contracts in question so as to ensure that the level of aid in respect of each vessel does not exceed 4,5 % of the contract value before aid, in accordance with the common maximum ceiling for 1992 and 1993 as fixed by the Commission in accordance with the provisions of Article 4(2), (3) and (4) of Directive 90/684/EEC.

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Other provisions in 98/157/EC: Commission Decision of 5 November 1997…

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04

CitationArticle 2 of 98/157/EC: Commission Decision of 5 November 1997… (LawPlayer, data as of 2026-07-04)

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