On the basis of Germany's explanations, the Commission concluded in its decision in case SA.38632 (2014/N) that the transitional rules in the EEG-Act 2014 allowing the use of GVA data at factor costs based on the last business year or the last two business years, as well as the use of real electricity costs of the last business year, were in line with the 2014 Guidelines, and in particular with point 195 (recitals 311 to 314 of that Decision). This was because that data, that is to say the GVA at factor costs based on the last year and the real electricit ...[+++]y costs of the last year, would be applied only on a transitional basis until the data required by Annex 4 to the 2014 Guidelines had been gathered.

By contrast, structural policies are better placed to enhance the universe of profitable projects (e.g. by improving legal certainty, streamlining administrative procedures, lowering factor costs, etc.).

[3] Manufacturing % of GDP at factor cost, 2011: Eurostat (nama_nace_10_c)

After peaking at 5,6 % of GDP in 2009, of which around 0,7 % of GDP was due to one-off factors, Belgium's general government deficit was brought down to 2,6 % of GDP in 2013, in line with Council Decision 2013/370/EU (5).

Also, the reduced costs of transmitting knowledge across space makes inputs by external providers relatively cheaper.

- in the first stage of the analysis, the socio-economic situation of a region is assessed on the basis of two alternative criteria: per capita gross domestic product (GDP) or gross value added at factor cost (GVA) and structural unemployment,