Press Release: State aid: Commission concludes its investigation into aid to Tieliikelaitos (now Destia), clears transitional aid, puts end to unlimited State guarantee

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Series Details IP/07/1899 (11.12.07)
Publication Date 11/12/2007
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The European Commission has concluded its investigation into aid given to Tieliikelaitos (now Destia), the successor to the national road service that was set up as a State Enterprise when Finland opened its road service market to competition. The Commission has decided not to raise objections to the aid provided on a transitional basis by the Finnish government to facilitate Tieliikelaitos' adaptation to its new competitive environment, in a context of overstaffing and of strict limitations on staff downsizing. At the same time, the Commission requested the Finnish government to put an end to a number of privileges that Tieliikelaitos enjoyed, namely the non-application of normal bankruptcy and corporate income tax legislation.

Source Link http://europa.eu/rapid/pressReleasesAction.do?reference=IP/07/1899&format=HTML&aged=0&language=EN&guiLanguage=en
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