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2006/177/EC: Commission Decision of 19 May 2004 on State… Article 2

2006/177/EC: Commission Decision of 19 May 2004 on State… Article 2

Article 2

1.   The aid of EUR 104 313,20 that Italy granted to WAM SpA in the form of an interest-rate subsidy from 24 April 1996, except for the portion corresponding to eligible costs for consultancy services, participation in fairs and exhibitions and market surveys and amounting to EUR 6 258,79, constitutes unlawful aid to the extent that it exceeds the threshold of EUR 50 000 laid down in the 1992 de minimis rule  ( 40 ) . Italy shall take all necessary measures to recover the excess amount of EUR 48 054,95. 2.   The aid of EUR 106 366,60 that Italy granted to WAM SpA in the form of an interest-rate subsidy from 9 November 2000 up to the date of the present decision constitutes unlawful aid except for the portion corresponding to eligible costs for training measures and amounting to EUR 1 435,95. Italy shall take all necessary measures to recover the resulting amount of EUR 104 930,65. 3.   Recovery of the aid referred to in paragraphs 1 and 2 above shall be effected without delay and in accordance with the procedures of national law, provided that they allow the immediate and effective execution of the decision. The aid to be recovered shall include interest until the date of its recovery and with effect respectively: (a) from 24 April 1996 as regards the aid referred to in paragraph 1 and (b) from the date of this decision as regards the aid referred to in paragraph 2.

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Other provisions in 2006/177/EC: Commission Decision of 19 May 2004 on State…

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 2006/177/EC: Commission Decision of 19 May 2004 on State… (LawPlayer, data as of 2026-07-04)

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