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Document 52023AS109365

Authorisation for State aid pursuant to Articles 107 and 108 of the Treaty on the Functioning of the European Union – Cases where the Commission raises no objections – SA.109365Text with EEA relevance.

C/2023/8034

OJ C, C/2023/1649, 28.12.2023, ELI: http://data.europa.eu/eli/C/2023/1649/oj (BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)

ELI: http://data.europa.eu/eli/C/2023/1649/oj

European flag

Official Journal
of the European Union

EN

Series C


C/2023/1649

28.12.2023

Authorisation for State aid pursuant to Articles 107 and 108 of the Treaty on the Functioning of the European Union

Cases where the Commission raises no objections

SA.109365

(Text with EEA relevance)

(C/2023/1649)

Date of adoption of the decision

28.11.2023

Aid number

SA.109365

Member State

Greece

Region

 

Title (title and/or name of the beneficiary)

Re-introduction of the Hercules Scheme

Legal basis

Law 4649/2019 (A 206) Hercules Law Law 4818/2021 (A 124) amending Hercules LawLaw 3156/2003 (A 157) — Securitization lawLaw 4549/2018 (A 105) — State guarantees

Type of measure

Scheme

Objective

Remedy for a serious disturbance in the economy

Form of aid

Guarantee

Budget

Overall budget: 2 000 000 000 EUR

Intensity

Measure does not constitute aid

Duration

Until 31.12.2024

Economic sectors

Financial service activities, except insurance and pension funding

Name and address of the granting authority

Ministry of Economy and Finance General Secretariat for Financial Sector and Private Debt Management

8, Karageorgi Servias str., 105 62 Athens, Greece

Other information

 

The authentic text(s) of the decision, from which all confidential information has been removed, can be found at:

https://competition-cases.ec.europa.eu/search?caseInstrument=SA


ELI: http://data.europa.eu/eli/C/2023/1649/oj

ISSN 1977-091X (electronic edition)


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