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European Commission

Press release

Brussels, 21 January 2014

State aid: Commission and EIB agree on State aid matters in relation to activities of EIB Group

Joaquín Almunia, European Union Commissioner for Competition, and Werner Hoyer, President of the European Investment Bank (EIB) today issued a joint statement on the interaction between the activities of the EIB Group and State aid control. This joint statement provides a common understanding on the applicable rules and a basis for further cooperation in order to enhance the efficiency of their respective activities.

Commission Vice President in charge of competition policy Joaquín Almunia commented: "The Joint statement will provide useful clarifications for authorities in the Member States as well as for all the companies benefitting from EIB interventions and from programmes managed by the EIB Group."

EIB President Werner Hoyer commented: "It is crucial that both institutions have reached a common understanding and a cooperation procedure in order to enhance the efficiency of their respective activities. We both share the same objectives for the European economy, and we want to make sure that support by the EU Bank to Member States and corporates is provided in the most efficient manner, while respecting the Treaty rules on State aid.”

The Statement highlights broad principles on the nature of the State aid control to be carried out in situations where the EIB group implements and manages Member States' programmes or where the EIB group acts under a mandate from the European Commission and manages EU funds. Own resources awarded directly by the EIB Group fall outside the scope of the State aid rules, but wherever guarantees from Member States are granted for EIB Group financing or in case of co-financing or any other State support, the Member State(s) concerned remain responsible for notifying any State aid.

Finally, the European Commission's Competition services and the EIB Group will establish a permanent working relationship in order to enhance the on-going dialogue.

The joint statement is available here:

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