Exemption from prohibiton of state aid for Mora Moravia

2006-09-21
The Office for the Protection of Competition approved exemption from the prohibition of state aid in favour of the company Mora Moravia.

The exemption in the amount of CZK 74.75 million shall be provided in the framework of Czech Consolidation Agency receivables cession.

The exemption from the prohibition of state aid was approved subject to certain conditions. The Ministry of Finance, as a state aid provider, shall submit to the Office the report on fulfilment of the approved restructuring plan within six months, and the report will be amended every six months. After the termination of the restructuring process the final evaluation report on its course will be submitted. The restructuring plan has confirmed that its implementation would ensure long-term viability of the company Mora.

“The Ministry of Finance will ensure full implementation of the approved restructuring plan in the form of Strategic and entrepreneurial intention of the company Magnum Production of the purchase of Czech Consolidation Agency receivables concerning Mora Moravia. This restructuring plan will be consumed before the end of the next year. The sale of the daughter company Mora Top to the strategic investor shall take place until the same date. The sale of assets related to the company Nástrojárna Olomouc shall take place before the end of this year,” stated the Chairman of the Office Mr. Josef Bednář to the stipulated conditions.

Press and Information Department

2023-06-28 / The Office has Published the English Version of Its Annual Report 2022 The Office for the Protection of Competition (hereinafter referred to as "the Office") has published the English version of its Annual report for 2022. In the publication you will find complete statistical...

2022-10-10 / Representatives of Competition Authorities Discussed the Economic Crisis and Approach to Green Policy at the European Competition Day in Prague On 10 October 2022, as part of the Czech Presidency of the Council of the European Union, the international conference European Competition Day was held in Prague, which was organised by the Office for...

2022-07-29 / Annual Report 2021 The Office for the Protection of Competition (hereinafter referred to as “the Office”) publishes the English version of its Annual Report for the year 2021, during which it not only celebrated 30...

2022-05-25 / Conference on State Aid Law This year, the Office for the Protection of Competition (hereinafter referred to as "the Office") is once again organising its traditional conference on State aid law. The conference will take place...

2022-03-24 / Temporary Crisis Framework for the provision of State Aid to cope with the economic consequences of the Russia´s invasion of Ukraine The European Commission adopted a temporary crisis framework to allow Member States to use the flexibility set out in State aid rules, and, thus, support the economy affected by the impacts of the Russia’s...

2021-09-22 / The Office for the Protection of Competition commemorated 30 years of its existence at a celebratory conference The Office for the Protection of Competition (hereinafter referred to as ''the Office'') celebrated 30 years of its existence today with a celebratory conference held at the Liechtenstein Palace in Prague...

2021-09-01 / Annual Report of the Office for the Protection of Competition 2020 The Office for the Protection of Competition has published the Annual Report, summarising its notable activities in 2020 and outlining its agenda for 2021, the year in which the Office celebrates its...

2020-12-02 / Petr Mlsna Appointed as the Chairman of the Office for the Protection of Competition Petr Mlsna was appointed by the President of the Czech Republic, Milos Zeman, as the Chairman of the Office for the Protection of Competition on 1 December 2020

If you want to recieve news by email please give us your adress and choose topic.

Email:
Significant Market Power
Public Procurement
State Aid
Competition
cs | en
+420 542 167 111 · posta@uohs.cz