2005/940/EC: Commission Decision of 1 October 2003 on the State aid implemented by Germany for Jahnke Stahlbau GmbH, Halle (notified under document number C(2003) 3375) (Text with EEA relevance)

The aid which Germany has granted to Jahnke Stahlbau GmbH in the form of two loans from the BvS totalling EUR 560000 and a loan from the Land of Saxony-Anhalt amounting to EUR 260000 is incompatible with the common market.

The aid which Germany has granted in the form of a EUR 2000000 guarantee from the Land of Saxony-Anhalt in favour of Jahnke Stahlbau GmbH is incompatible with the common market.

1 Germany shall take all necessary measures to recover the aid referred to in Article 1 and unlawfully made available to the recipient.

2 Recovery shall be effected without delay and in accordance with the procedures of national law provided that they allow the immediate and effective execution of the decision. The aid to be recovered shall include interest from the date on which it was at the disposal of the recipient until the date of its recovery. Interest shall be calculated on the basis of the reference rate used for calculating the grant-equivalent of regional aid.

Germany shall inform the Commission, within two months of notification of this Decision, of the measures taken to comply with it.

This Decision is addressed to the Federal Republic of Germany.