EU Commission: Competition - 09/09/08

General block exemption Regulation (GBER) comes into force 29/08/08
On 29 August 2008, the newly adopted Regulation declaring certain categories of aid compatible with the common market in application of Article 87 and 88 of the Treaty (General block exemption Regulation) comes into force. It allows Member States to grant certain well-defined aid without notifying it to the Commission. The Regulation authorises aid in favour of SMEs, research, innovation, regional development, training, employment and risk capital. It reduces the administrative burden for public authorities, the beneficiaries and the Commission. [Europa]

Block exemption Regulations Published 09/08/08
General Block exemption regulation GBER - 09.08.2008

Regulation: OJ No. L 214 of 09.08.2008 pdf

State aid: Commission approves rescue loan for TV 2 Denmark 04/08/08
The European Commission has authorised, under the EC Treaty’s rules on state aid, a credit facility granted by the Danish Ministry of Culture to support TV 2 Danmark AS. The Commission concluded that the credit facility, which addresses the company's cash flow problems, constitutes rescue aid in line with the EU rules on state aid to companies in difficulty (see MEMO/04/172). In due time, the Commission will review whether the credit is fully reimbursed or whether appropriate restructuring measures to restore the long term viability of TV 2 Danmark AS are taken.
[Europa]