# C_2023078EN.01000701.xml

| 2.3.2023 | EN | Official Journal of the European Union | C 78/7 |
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2.3.2023

EN

Official Journal of the European Union

C 78/7

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State aid – Decision to raise no objections

(2023/C 78/07)

The EFTA Surveillance Authority raises no objections to the following state aid measure:

| Date of adoption of the decision | 7 November 2022 |
| --- | --- |
| Case No | 89494 |
| Decision No | 199/22/COL |
| EFTA State | Norway |
| Title (and/or name of the beneficiary) | Temporary Crisis Framework: Guarantee scheme for undertakings particularly affected by the severe increase in electricity prices |
| Legal basis | The Parliamentary Decision of 27 October 2022, authorising the measure and its budget, as set out in Innst. 34 S (2022–2023), based on the Government proposal in Prop. 142 S (2021- 2022) and the regulation from the Ministry of Trade, Industry and Fisheries to Export Finance Norway. |
| Type of measure | Scheme |
| Objective | To ensure that companies that under normal market conditions would be able to cover their electricity costs and be creditworthy, but that are particularly affected by the severe rise in electricity prices and face acute liquidity needs due to those price increases, are able to secure liquidity. |
| Form of aid | Guarantees |
| Budget | NOK 1 billion |
| Intensity | Guarantees will not exceed 90 % of the lowest of (i) 15 % of the average annual turnover for the last three closed accounting periods, and (ii) 50 % of energy costs over the 12 months preceding the month when the application for aid is submitted. |
| Duration | 8 November 2022 – 31 March 2023 |
| Economic sectors | The scheme is not limited to selected sectors. Credit institutions and other financial institutions are excluded as eligible financial beneficiaries. |
| Name and address of the granting authority | Eksfin – Export Finance Norway |
| Postal address: |
| PB 1763 Vika |
| N-0122 Oslo |
| NORWAY |

Date of adoption of the decision

7 November 2022

Case No

89494

Decision No

199/22/COL

EFTA State

Norway

Title (and/or name of the beneficiary)

Temporary Crisis Framework: Guarantee scheme for undertakings particularly affected by the severe increase in electricity prices

Legal basis

The Parliamentary Decision of 27 October 2022, authorising the measure and its budget, as set out in Innst. 34 S (2022–2023), based on the Government proposal in Prop. 142 S (2021- 2022) and the regulation from the Ministry of Trade, Industry and Fisheries to Export Finance Norway.

Type of measure

Scheme

Objective

To ensure that companies that under normal market conditions would be able to cover their electricity costs and be creditworthy, but that are particularly affected by the severe rise in electricity prices and face acute liquidity needs due to those price increases, are able to secure liquidity.

Form of aid

Guarantees

Budget

NOK 1 billion

Intensity

Guarantees will not exceed 90 % of the lowest of (i) 15 % of the average annual turnover for the last three closed accounting periods, and (ii) 50 % of energy costs over the 12 months preceding the month when the application for aid is submitted.

Duration

8 November 2022 – 31 March 2023

Economic sectors

The scheme is not limited to selected sectors. Credit institutions and other financial institutions are excluded as eligible financial beneficiaries.

Name and address of the granting authority

Eksfin – Export Finance Norway

Postal address:

PB 1763 Vika

N-0122 Oslo

NORWAY

The authentic text of the decision, from which all confidential information has been removed, can be found on the EFTA Surveillance Authority’s website: http://www.eftasurv.int/state-aid/state-aid-register/decisions/.

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