17.3.2005   

EN

Official Journal of the European Union

C 65/7


Authorisation of State aid pursuant to Article 61 of the EEA Agreement and Article 1(3) in Part I of Protocol 3 to the Surveillance and Court Agreement

EFTA Surveillance Authority decision not to raise objections

(2005/C 65/07)

Date of adoption:

EFTA State: Norway

Aid No: Case 56 430

Title: Prolongation of the temporary regional loan scheme (Published in the Official Journal C 308, 18.12.2003, p. 33).

Objective: The temporary regional loan scheme has the primary objective of triggering economic development in less favoured and outlying regions in Norway by supporting investment and job creation in an economically sustainable context. The scheme has R&D and employment as secondary objectives.

Legal basis: Parliament decision No 124 of 9 December 2003 (in case No 2, published in the Parliament journal (Stortingstidende) pp. 1046-1053, 1071-1073), proposed by The Standing Committee on Business and Industry 3 December 2003 (Proposed decision IV of Innst.S.nr.71 (2003-2004))

Budget/Duration: NOK 500 million for loans and NOK 75 million for interest subsidies. The scheme will run until 31 December 2005.

Other information: The authentic text of the decision, from which all confidential information has been removed, can be found at:

http://www.eftasurv.int/fieldsofwork/fieldstateaid/stateaidregister