25 Oct 2021, 11:41

Regarding the request for "Kickstart phase 1 development of the "Solaris Azrekko" solar energy megafarm" by the Union of Duxburian Dominions

The time of deliberation has concluded at 06:34 GMT
It was proposed that the European Commission proposes a counter-offer to the Union of Duxburian Dominions
The votes for proposing the counter-offer are as follows:
FOR: Two
AGAINST: None
ABSTAINED FROM VOTING: None
DID NOT VOTE: One

Therefore the European Commission proposes the following counter-offer to the Union of Duxburian Dominions:
Name of the state: Union of Duxburian Dominions
Intended use for the subsidy: Kickstart phase 1 development of the "Solaris Azrekko" solar energy megafarm.
Requested form of subsidy: Low-interest loan, Cash to the City of Azrekko
Amount of money requested (In Euros): 441 000 000€
Proposed time-frame in which the loan will be paid back: 10-20 years, with a 1-3 year grace period before repayment to allow for economic recovery
Proposed interest per annum: 0,16%

The Union of Duxburian Dominions may fully accept, partly accept or fully refuse the counter-offer. In a case where the member state fully accepts the counter-offer, the amended subsidy request is granted by the European Commission. In a case where the member state partly accepts or fully refuses the counter-offer, the Commission will deliberate and vote on whether to grant or deny the subsidy request in its amended or original form without the right to make another counter-offer to the subsidy request.

Sofie Čikarová
Premier Commissioner