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Strani pravni život
2017, iss. 4, pp. 267-276
article language: English
document type: Review Paper

Legal framework of state aid in the European union market
University of Business Academy in Novi Sad

e-mail: mstojkovic1@yahoo.com

Abstract

State aid policy is a type of EU competition policy that symbolizes the braking system of industrial sector strategies that impede competition in the Single Market of the European Union. The determination of conditions and the procedure for controlling state aid are carried out to protect free competition in this specific market, applying the principles of market economy and stimulating economic development. It is necessary to ensure transparency in the granting of state aid, as well as respecting the provisions of the public law related to the state aid institute. It is fascinating to apply state aid to certain areas, such as regional aid, research, development and innovation assistance, environmental aid and assistance in taking risk capital. It is crucial that the economic life of the European Union be harmonized with the legislative framework of the communitarian law, which will also be the subject of the research presented in this paper.

Keywords

law; state aid policy; competition; European Union

References

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