The four conditions are: (a) the beneficiary of a State funding mechanism for an SGEI must be formally entrusted with the provision and discharge of an SGEI, the obligations of which must be clearly defined; (b) the parameters for calculating the compensation must be established beforehand in an objective and transparent manner, to avoid it conferring an economic advantage which may favour the recipient undertaking over competing undertakings; (c) the compensation cannot exceed what is necessary to cover all or part of the costs incurred in the discharge of the SGEI, taking into account the relevant receipts and a reasonable profit for ...[+++] discharging those obligations; and (d) where the beneficiary is not chosen pursuant to a public procurement procedure, the level of compensation granted must be determined on the basis of an analysis of the costs which a typical undertaking, well run, would have incurred in discharging those obligations, taking into account the relevant receipts and a reasonable profit.

‘transfer of an undertaking’ means the transfer or absorption of the assets of an undertaking having quota to one or more undertakings.

(b)‘transfer of an undertaking’ means the transfer or absorption of the assets of an undertaking having quota to one or more undertakings.

Depending on the size of the beneficiary, thresholds determine its contribution to the overall cost of restructuring: at least 50 % for large firms, 40 % for medium-sized firms and 25 % for small firms.

There is even a new specialised area of business, which consists of obtaining the maximum subsidies possible from European Funds only then, at the first opportunity, to leave the companies, which have been subsidised with European funds, on the brink of bankruptcy or even bankrupt.

11. Reiterates its call to the effect that the granting of Community and national aid to undertakings should help achieve the aims of the long-term safeguarding of jobs in recipient undertakings and of promoting regional development and calls for it to be made possible to require undertakings to repay such aid if they do not fulfil the associated conditions;