Press Release: State aid: Commission authorises temporary Slovenian scheme allowing limited amounts of aid to boost real economy

The European Commission authorised under EC Treaty rules on state aid a Slovenian scheme to assist companies encountering financing difficulties as a result of the credit squeeze in the current economic crisis. The scheme allows aid to be granted of up to €500.000 per company. The scheme meets the conditions of the Commission’s Temporary Framework for state aid measures to support access to finance in the current financial and economic crisis, as amended on 25 February 2009, because it is appropriate to remedy a serious disturbance in the entire Slovenian economy, is limited in time, respects the relevant thresholds and applies only to companies that were not in difficulties before 1 July 2008. It is therefore compatible with Article 87(3)(b) of the EC.