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Document 52009XC0627(01)

    Authorisation for State aid pursuant to Articles 87 and 88 of the EC Treaty — Cases where the Commission raises no objections (Text with EEA relevance )

    OJ C 147, 27.6.2009, p. 1–4 (BG, ES, CS, DA, DE, ET, EL, EN, FR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)

    27.6.2009   

    EN

    Official Journal of the European Union

    C 147/1


    Authorisation for State aid pursuant to Articles 87 and 88 of the EC Treaty

    Cases where the Commission raises no objections

    (Text with EEA relevance)

    2009/C 147/01

    Date of adoption of the decision

    24.11.2008

    Reference number of State aid

    NN 68/08

    Member State

    Latvia

    Region

    Title (and/or name of the beneficiary)

    Public support measures to JSC Parex Banka

    Legal basis

    Law on Budget and Financial Management

    Type of measure

    Individual aid

    Objective

    Aid to remedy serious disturbances in the economy

    Form of aid

    Guarantee, Other forms of equity intervention, Soft loan

    Budget

    Overall budget: LVL 945 million

    Intensity

    100 %

    Duration (period)

    11.11.2008-11.5.2009

    Economic sectors

    Financial intermediation

    Name and address of the granting authority

    Ministry of Finance

    Smilšu 1

    Rīga, LV-1919

    LATVIJA

    Other information

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

    http://ec.europa.eu/community_law/state_aids/index.htm

    Date of adoption of the decision

    21.4.2009

    Reference number of State aid

    N 664/08

    Member State

    Hungary

    Region

    Title (and/or name of the beneficiary)

    Support measure for the banking industry in Hungary

    Legal basis

    Reinforcement of the Stability of the Financial Intermediary System (2008. évi CIV. törvény a pénzügyi közvetítőrendszer stabilitásának erősítéséről)

    Type of measure

    Aid scheme

    Objective

    Aid to remedy serious disturbances in the economy

    Form of aid

    Guarantee, Recapitalisation

    Budget

    Overall budget: HUF 300 billion for the recapitalisation and HUF 1 500 billion for the guarantee

    Intensity

    Duration (period)

    Recapitalisation: 31 March 2009

    Guarantee measure: 30 June 2009

    Economic sectors

    Financial intermediation

    Name and address of the granting authority

    Ministry of Finance

    Other information

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

    http://ec.europa.eu/community_law/state_aids/index.htm

    Date of adoption of the decision

    11.2.2009

    Reference number of State aid

    NN 3/09

    Member State

    Latvia

    Region

    Title (and/or name of the beneficiary)

    Amendments to the Public support measures to JSC Parex Banka

    Legal basis

    The Government Regulation ‘Issuing and supervision of guarantees for bank loans’, Law on Bank takeover, Parex investment agreement, Individual decision taken by the Government

    Type of measure

    Individual aid

    Objective

    Aid to remedy serious disturbances in the economy

    Form of aid

    Guarantee, other forms of equity intervention, soft loan

    Budget

    Overall budget: LVL 2 245 million

    Intensity

    Duration (period)

    11.11.2008-11.5.2009

    Economic sectors

    Financial intermediation

    Name and address of the granting authority

    Ministry of Finance

    Smilšu 1

    Rīga, LV-1919

    LATVIJA

    Other information

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

    http://ec.europa.eu/community_law/state_aids/index.htm

    Date of adoption of the decision

    21.4.2009

    Reference number of State aid

    N 232/09

    Member State

    United Kingdom

    Region

    Title (and/or name of the beneficiary)

    Assets Backed Securities Scheme

    Legal basis

    Section 228 of the Banking Act 2009

    Type of measure

    Aid scheme

    Objective

    Aid to remedy serious disturbances in the economy

    Form of aid

    Guarantee

    Budget

    Overall budget: EUR 50 000 million

    Intensity

    Duration (period)

    until 22.11.2009

    Economic sectors

    Financial intermediation

    Name and address of the granting authority

    HM Treasury

    1 Horse Guards Road

    London

    SW1A 2HQ

    UNITED KINGDOM

    Other information

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

    http://ec.europa.eu/community_law/state_aids/index.htm

    Date of adoption of the decision

    7.5.2009

    Reference number of State aid

    N 244/09

    Member State

    Germany

    Region

    Title (and/or name of the beneficiary)

    Commerzbank

    Legal basis

    Gesetz sur Errichtung eines Sonderfonds Finanzmarktstabilisierung

    Type of measure

    Aid scheme

    Objective

    Aid to remedy serious disturbances in the economy

    Form of aid

    Direct grant

    Budget

    Overall budget: EUR 1 820 million

    Intensity

    Duration (period)

    Economic sectors

    Financial intermediation

    Name and address of the granting authority

    Sonderfonds Finanzmarktstabilisierung (SoFFin)

    Finanzmarktstabilisierungsanstalt

    Taunusanlage 6

    60329 Frankfurt am Main

    DEUTSCHLAND

    Other information

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

    http://ec.europa.eu/community_law/state_aids/index.htm


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