Press Release: State aid: Commission authorises Danish export loan scheme

The European Commission authorised on 9 February 2010, under EU state aid rules, a Danish scheme providing export loans to Danish exporters and /or their clients who experience difficulties in accessing funding in the current financial crisis. The Commission found the scheme to be in line with its Communication on Reference Rates, in particular because it provides funding on market terms and therefore does not constitute state aid in the meaning of Article 107(1) of the Treaty on the Functioning of the European Union (TFEU).