No L 4/48 Official Journal of the European Communities 1.1. 81 COMMISSION REGULATION (EEC) No 59/81 of 1 January 1981 laying down transitional measures for Greece in respect of minimum stocks of sugar THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to the Act of Accession of Greece, and in particular Article 73 (1) thereof, Whereas Article 73 (1) of the Act provides for the adoption of the necessary transitional measures, parti- cularly if for certain products the implementation in Greece on the scheduled date of the arrangements resulting from the common organisation of the markets meets with appreciable difficulties; Whereas Article 18 of Council Regulation (EEC) No 3330/74 of 19 December 1974 on the common organization of the market in sugar ('), as last amended by Regulation (EEC) No 1396/78 (%), provides for a system of minimum stocks in the sugar’ sector; whereas the general rules for that system are laid down by Council Regulation (EEC) No 1488/76 of 22 June 1976 laying down provisions for the intro- duction of a system of minimum stocks in the sugar sector (*), as amended by Regulation (EEC) No 2153/80 (*); whereas pursuant to Article 1 (a) of that Regulation each sugar manufacturer shall hold in stock during each month a quantity of sugar which shall not be less than a certain percentage of his actual production within the limit of the basic quota of his undertaking during the period of 12 months immediately preceding the month in question; Whereas pursuant to Article 8 of Regulation (EEC) No 1488/76 the minimum stocks of Community produced sugar were established by quota sugar produced only after the entry into force of that Regu- lation; whereas, likewise, minimum stocks of sugar produced in Greece should be established by quota sugar produced only on or after 1 January 1981; Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Sugar, HAS ADOPTED THIS REGULATION: Article 1 The provisions of Article 1 (a) of Regulation (EEC) No 1488/76 shall apply to the Greek sugar manu- facturer only in respect of sugar produced on or after 1 January 1981. Article 2 This Regulation shall enter into force on 1 January 1981. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 1-January 1981. For the Commission The President Roy JENKINS (*) OJ No L 359, 31. 12. 1974, p. 1. () O] No L 170, 27. 6. 1978, p. 1. () O] No L 167, 26. 6. 1976, p. 11. () OJ No L 211, 14. 8. 1980, p. 1.