Competition weekly news summary
Friday, August 21, 2009


  • Commission publishes 2008 Annual Report on Competition Policy
    19 August 2009
    The European Commission's 2008 Report on Competition Policy gives an overview of the main developments in EU competition policy and major enforcement actions. It demonstrates how the tools of competition policy were used to face the financial and economic crisis and highlights the benefits that competition policy delivers to consumers. This work did not distract from other competition enforcement: action against anti-competitive conduct, vetting mergers, and reviewing state aid continued as before.


  • Commission accepts commitments by Greece to ensure fair access to Greek lignite deposits
    6 August 2009
    The European Commission has accepted commitments made by Greece to ensure fair access to Greek lignite deposits. The commitments have been given to comply with a decision adopted on 5 March 2008 (see IP/08/386) which found that Greece had infringed competition rules (Articles 82 and 86 of the EC Treaty) by maintaining rights giving the state-owned electricity incumbent Public Power Corporation (PPC) privileged access to lignite. (B-1)


State aid

  • State Aid: Commission approves additional aid for IKB
    17 August 2009
    The Commission has approved guarantees amounting up to EUR 7 billion to the German bank IKB, a bank that received aid in the past (see IP/08/1557 and IP 08/2055), in the context of the financial crisis. Additional support has become necessary to protect IKB's liquidity and financial stability in Germany. After obtaining a commitment from Germany to provide a revised restructuring plan within three months, the Commission considers the measure as compatible with Article 87.3.b of the EC Treaty, in line with its Banking communication (see IP/08/1495). (D-3)
  • Review of national aid schemes introduced during the financial crisis
    10 August 2009
    The Directorate-General for Competition has issued a review of the aid schemes introduced by Member States and approved by the Commission during the financial crisis. The review was carried out in the context of the renewal process of the guarantee and recapitalisation schemes, which started in April 2009. A number of such schemes have meanwhile been prolonged for a further period of six months for reasons of financial stability. (H-1)
  • Commission authorises German temporary reduced interest loans scheme for green products
    5 August 2009
    The Commission has authorised a scheme offering reduced-interest loans to businesses investing in the production of environmentally friendly products, as part of the German package to tackle the current economic crisis. It will allow state, regional or local authorities to grant until 31 December 2010 loans with subsidised interest payments until 31 December 2012 at the latest. The scheme meets the conditions of the Commission's Temporary state aid framework that gives Member States additional possibilities for providing businesses with improved access to financing during the economic and financial crisis (see IP/08/1993). (B-2)
  • Commission approves German short-term export-credit insurance scheme
    5 August 2009
    The Commission has authorised a measure adopted by Germany to limit the adverse impact of the current financial crisis on export firms. The Commission found the measure to be in line with its Temporary Framework for state aid measures to support access to finance in the current financial and economic crisis (see IP/08/1993). In particular, the measure requires market-oriented remuneration and tackles the problem of the current unavailability of the short-term export credit insurance cover in the private market. The Commission authorised the measure until 31 December 2010. (D-3)


Editorial and legal information

Published by the Competition Directorate General of the European Commission. The content of this publication does not necessarily reflect the official position of the European Commission. Neither the Commission nor any person acting on its behalf is responsible for the use which might be made of the above information.

© European Union, 2009. Reproduction is authorised provided the source is acknowledged.

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