IMPLEMENTATION LEVEL

IFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 11 May 2015 | Removal date: open ended

State loan

 On 11 May 2015, the European Investment Bank announced in a press release that it had provided a 150 million EUR loan to AB Electrolux.
The loan will be used to develop more energy-efficient white goods and small household appliances.
The EIB vice-president was cited in the press release saying that "Projects such as this strengthen the competitiveness of European companies, thus enhancing Europe's position as a major technology supplier and supporting skilled employment opportunities". Further, the press release stated that EIB's financing helps "making the company's financing more cost-efficient and extending the maturity profile of its debt".
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 investment support proposed here is discriminatory.
Italy and Germany were not selected as affected trading partners, as part of the support will be used in the company's locations in those countries.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

439 Other general-purpose machinery & parts
8418 Refrigerators, freezers and other refrigerating or freezing equipment, electric or other; heat pumps other than air conditioning machines of heading 84.15.
841850 Other furniture (chests, cabinets, display counters, showcases and the like) for storage and display, incorporating refrigerating or freezing equipment
841861 Heat pumps other than air conditioning machines of heading 84.15
841869 Other
841891 Furniture designed to receive refrigerating or freezing equipment
841899 Other
446 Machinery for textile, apparel & leather production; parts
8450 Household or laundrytype washing machines, including machines which both wash and dry.
845020 Machines, each of a dry linen capacity exceeding 10 kg
845090 Parts
8451 Machinery (other than machines of heading 84.50) for washing, cleaning, wringing, drying, ironing, pressing (including fusing presses), bleaching, dyeing, dressing, finishing, coating or impregnating textile yarns, fabrics or made up textile articles and
845129 Other
845130 Ironing machines and presses (including fusing presses)
845190 Parts
448 Domestic appliances & parts
8418 Refrigerators, freezers and other refrigerating or freezing equipment, electric or other; heat pumps other than air conditioning machines of heading 84.15.
841810 Combined refrigeratorfreezers, fitted with separate external doors
841821 Compressiontype
841829 Other
841830 Freezers of the chest type, not exceeding 800 l capacity
841840 Freezers of the upright type, not exceeding 900 l capacity
8450 Household or laundrytype washing machines, including machines which both wash and dry.
845011 Fullyautomatic machines
845019 Other
8451 Machinery (other than machines of heading 84.50) for washing, cleaning, wringing, drying, ironing, pressing (including fusing presses), bleaching, dyeing, dressing, finishing, coating or impregnating textile yarns, fabrics or made up textile articles and
845121 Each of a dry linen capacity not exceeding 10 kg

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