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Europe Daily Bulletin No. 7657

17 February 2000
Contents Publication in full By article 22 / 57
GENERAL NEWS / (eu) eu/state aid
Germany must recover DEM 12.6 million in aid granted to the KWW shipyard for capacity overrun in 1997

Brussels, 16/02/2000 (Agence Europe) - The European Commission has asked Germany to recover a surplus of state aid totalling DEM 12.6 million (EUR 6.3 million) paid to the Kvaerner Warnow Werft (KWW) shipyards, a subsidiary of the Norwegian group Kvaerner. It observed that KWW had exceeded by 8,862 compensated gross tonnes its annual production capacity authorised for 1997 (85,000 cgt).

The Commission approved between 1993 and 1995 a number of German aid schemes in the total amount of DEM...

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