Food Industry
Industry: Email Alert RSS FeedGERMAN VINEYARD MUST PAY BACK STATE AID.
Europe Agri, May, 2008
The European Commission decided, on 20 May, that aid amounting to 541,859 granted by the Land Hessen to Hessische Staatsweinguter - the biggest vineyard in Germany, owned by the Land Hessen - in the period before 2002 did not comply with EU state aid rules and has to be recovered with interest.
It found that the loss coverage in this period constitutes operating aid, incompatible with state aid rules. The Commission furthermore found that the restructuring measures taken as of 31 December 2002 by the Land Hessen in favour of the Hessische Staatsweinguter GmbH Kloster Eberbach, including the Partiarisches Darlehen (participating loan) for the partial financing of the new wine cellar, constitute aid but are compatible with the rules on state aid for the...
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