ANNOUNCEMENT 17 Nov 2011

In November 2011, the government of Poland announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



List of beneficiaries of European Funds in Poland for the years 2007-2013 (in Polish):
http://www.funduszeeuropejskie.gov.pl/NaborWnioskow/listabeneficjentow/Strony/Lista_beneficjentow_FE_310312.aspx

Brembo Poland's webpage on European Funds "Dotacje na Innowacje" (in Polish):
http://www.brembo.com/pl/il-gruppo/Dotacje-UE/Pages/Dotacje-na-innowacje.aspx


Inception date: 17 Nov 2011 | Removal date: open ended
Still in force

Financial grant

On 17 November 2011, Polish authorities decided to grant investment aid to the brake manufacturer Brembo Poland Sp. z o.o. The aid worth EUR 15.65 million (PLN 65.68 million) was used to build a new foundry factory allowing to produce brake discs with a higher safety level in theirfacility in Dabrowa Gornicza, the Slaskie region.
 
The beneficiary is the Polish subsidiary of the Milan-listed Brembo Group specializing in the production of brakes for cars, bikes, vans and race cars.
 
According to the European Funds Portal, most of the aid originated from EU's Operational Fund Innovative Economy and amounted to EUR 13.31 million (PLN 55.87 million), whereas the remaining 2.35 million were financed by Poland. The project cost around EUR 53.75 million and was due on 31 December 2012. However, based on the company's website ("Dotacje na Innowacje", brembo), the investment should be completed in 2014.
 
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. The subsidy recipient produces an internationally tradable good. On this metric, the state aid proposed here is discriminatory. 
 

AFFECTED SECTORS