# Commission Decision of 20 October 2004 on the State aid No C 40/2002 (ex N 513/2001) concerning State aid to Hellenic Shipyards ΑΕ (notified under document number C(2004) 3919) (Only the Greek version is authentic) (Text with EEA relevance) (2005/246/EC), Article 2

Extent: E+W+S+N.I.

In the event that State aid has been disbursed to Hellenic Shipyards AE under the provisions referred to in Article 1 of this Decision, Greece shall take all necessary measures to recover that aid.
In such a case, recovery shall be effected without delay and in accordance with the procedures under national law, provided these allow the immediate and effective implementation of this Decision.
The sums to be recovered shall bear interest throughout the period running from the date on which they were put at the disposal of the beneficiary until their actual recovery.
The interest shall be calculated in conformity with the provisions laid down in Chapter V of Commission Regulation (EC) No 794/2004.
Greece shall end the aid measure and cancel all payment of outstanding aid with effect of the date of notification of this Decision.

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Source: https://www.legislation.gov.uk/eudn/2005/246/article/2 (the official version)
Page: https://openlegislation.uk/eu-decision-2005-246/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.