IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 25 Nov 2013 | Removal date: 24 Feb 2015
Still in force

State loan

 On 25 November 2013, the French subsidiary of the Spanish appliance manufacturer FagorBrandt received a loan at subsidised interest rates worth 10 million EUR. Furthermore, on 10 April 2014, the company obtained a subsidised loan of 47.5 million EUR.
Later that year, on 16 September 2014, the European Commission decided to initiate an investigation on whether the state aid received by FagorBrandt was compatible with EU law. During the investigation, the interest rates were increased retroactively and the company paid back the amount of state aid received.
As a consequence, the Commission decided to close the investigation on 15 March 2016.
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the state aid proposed here is discriminatory.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

448 Domestic appliances & parts
8509 Electromechanical domestic appliances, with selfcontained electric motor, other than vacuum cleaners of heading 85.08.
850940 Food grinders and mixers; fruit or vegetable juice extractors
850980 Other appliances
850990 Parts

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