State aid recovery interest and reference rates from 1 October 2017

On 13 September 2017, a European Commission notice on State Aid recovery interest rates and reference/discount rates for all 28 EU member states applicable from 1 October 2017 was published in the Official Journal of the European Union (C 302 2017/C 302/02).Within the framework of the EU control of State aid, the Commission makes use of reference and discount rates, which are applied as a proxy for the market rate and to measure the gross grant equivalent (GGE) of aid.This is particularly relevant when aid is disbursed in several installments and is used to calculate the aid element resulting from interest subsidy schemes, as well as to check compliance with the de minimis rule and the Block Exemption regulations.Modified rates are indicated in bold.Source: https://goo.gl/BhekLy