2014/532/EU: Commission Decision of 23 November 2011 on… Article 3
2014/532/EU: Commission Decision of 23 November 2011 on… Article 3
Article 3
1. Portugal shall recover the incompatible aid referred to in Article 1 from the beneficiaries.
2. The sums to be recovered shall bear interest from the date on which they were made available to the beneficiary until their actual recovery.
3. The interest shall be calculated on a compound basis in accordance with Chapter V of Regulation (EC) No 794/2004, as amended by Regulation (EC) No 271/2008.
4. Portugal shall immediately abolish the scheme referred to in Article 1 and cancel all outstanding payments of aid under the scheme referred to in Article 1 with effect from the date of notification of this Decision.
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 3 of 2014/532/EU: Commission Decision of 23 November 2011 on… (LawPlayer, data as of 2026-07-04)
