ANNOUNCEMENT 03 Nov 2010

In November 2010, the government of Cyprus announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 1 neutral
  • 0 liberalising
Inception date: No inception date

Capital injection and equity stakes (including bailouts)

On 3 November 2010 the Cypriot authorities contacted the European Commission regarding their intention to grant state aid for restructuring to the Central Slaughterhouse of Kofinos.
 
Central Slaughterhouse of Kofinos is a state-owned public utility company and was established in 1981. Nowadays it has a market share of approximately 30.7 in the Cypriot market.
 
On 20 January 2011 the Commission received a complaint from a competitor.
 
"The complaint argues that a number of illegal aids have been granted to CSK throughout the years, and most notably after Cyprus' accession to the EU. These allegations need to be further investigated, together with some information of the restructuring plan."
 
State aid SA. 31855 (11/C - ex N 503/10)
 
Published in the EU Official Journal on 7 June 2011.
 

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A