Press Release: State Aid: Commission approves Slovenian short-term export credit insurance scheme

The European Commission has authorised, under EU state aid rules, a measure adopted by Slovenia 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 a higher remuneration than that offered by the private market and tackles the problem of the current insufficiency of short-term export credit insurance cover on the private market. The Commission authorised the measure until 31 December 2010.