Aid for the Provision of Services of General Economic Interest (Regulation)
With its Regulation, the Commission wishes to exempt aid of up to 500,000 Euros for the provision of services of general economic interest (SGEI) from the obligation to obtain approval for the period of three fiscal years. According to the Commission de minimis aid is unproblematic for they are regarded as measures which do not distort competition and also do not have a negative effect on trade between Member States.
The Regulation extends the scope of action for national institutions and authorities and in particular of communities responsible for social welfare. Thus the administrative burden is reduced and also undertakings receiving de minimis aid are released as they are exempted from the obligation to submit cost accounts.