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Brussels, 21 December 2010

State aid: Commission clears temporary extension of export-credit insurance measures in Denmark, Finland, Germany and in Hungary

The European Commission has extended its authorisations under EU state aid rules of the Danish, Finnish and German short-term export-credit insurance schemes and of the Hungarian export-credit insurance scheme for SMEs with limited export turnover. The extensions are for twelve months, until the end of December 2011.

The Commission concluded that the measures comply with the conditions laid down in the Temporary Framework for State aid measures to support access to finance in the current financial and economic crisis (see IP/08/1993).

Denmark, Finland, Germany and Hungary provided recent evidence proving to the Commission's satisfaction that for certain markets the short-term export-credit insurance cover on the private markets is still unavailable. The temporary extension of the schemes has been authorised under the Temporary Framework under the same conditions as for the schemes in place until the end of 2010.

The non-confidential versions of the decisions will be made available under case numbers SA.32047, SA.31942, SA.32033 and SA.31789 (N 483/2010), in the State Aid Register on the DG Competition website once any confidentiality issues have been resolved. New publications of state aid decisions on the internet and in the Official Journal are listed in the State Aid Weekly e-News.

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