The EU Commission finds that German financial instruments supporting the renovation of a congress centre are State aid compatible with the internal market (Revitalisation of the Hamburg Congress Centre)

Calculating the Amount of State Aid in a 100% Public Guarantee* The proxy rates in the Commission Notice on Guarantees cannot be used in cases of state guarantees that cover 100% of the underlying loans. Introduction Last week’s article reviewed the terms of the operation of regional airports in Greece. (View it here). This week’s article continues with the theme of management of public infrastructure and examines Commission decision SA.42545 on the revitalisation of the Hamburg Congress Centre [CCH], Germany. The case is interesting because it involves the use of financial instruments, equity, loans and a guarantee, for the funding of the construction of infrastructure and then its management. What is more is that the funding supports both economic and non-economic activities. And,