EUROPEAN COMMISSION ADOPTS NEW STATE AID RULES ON SERVICES OF GENERAL ECONOMIC INTEREST * On December 20, 2011, the European Commission adopted a new legislative package on the application of State aid rules on services to public services – known as Services of General Economic Interest (SGEI). EU Member States spend billions of euros each year on SGEI, so any rules concerning the assessment of these compensations under EU State aid rules have a huge political and economic impact in Europe. Background The principle of EU State aid law is that it prohibits the granting of State aid by EU member states to specific companies or industry sectors. This concerns direct grants as well as other economic advantages such as state guarantees,
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The EU Commission adopts a legislative package on services of general economic interest which simplifies the procedure of automatic exemption to a larger number of services
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