Annals of the University of Oradea: Economic Science (May 2008)
STATE AIDS AND ECONOMIC COMPETITIVENESS FROM THE EUROPEAN UNION PERSPECTIVE
Abstract
Forbidden by the Treaty establishing the European Economic Community (EEC Treaty), but permitted in exceptional cases, State aids are constantly under the “eye” of the European executive as regards the granting mechanisms, as well as concerning its monitoring. In order to undertake a more efficient control of State aids, the European Commission has adopted a new Block Exemption Regulation which came into force in 20 days from its publication in the EU Official Journal, respectively on 29th of August 2008. In this article I shall present certain aspects of the new normative act.
