26.3.2008 Official Journal of the European Union L 83/7 COMMISSION COMMISSION DECISION of 27 June 2007 State aid C 50/2006 (ex NN 68/2006, CP 102/2006) implemented by Austria for BAWAG-PSK (notified under document number C(2007) 3038) (Only the German version is authentic) (Text with EEA relevance) (2008/263[EC) THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, and in particular the first subparagraph of Article 88(2) thereof, Having regard to the Agreement on the European Economic Area, and in particular Article 62(1)(a) thereof, Having regard to the Council Regulation (EC) No 659/1999 of 22 March 1999 laying down detailed rules for the application of Article 93 of the EC Treaty (1), Having called on interested parties to submit their comments pursuant to the provision cited above (2), Whereas: I. PROCEDURE (1) By letter dated 5 May 2006, following press articles relating to the difficult financial situation of Bank fiir Arbeit und Wirtschaft und Osterreichische Postsparkasse (') OJ L 83, 27.3.1999, p. 1. Regulation as amended by the 2003 Act of Accession. () O] C 232, 30.12.2006, p. 11. Aktiengesellschaft (hereafter BAWAG-PSK, or the Bank), the Commission sent a request for information to Austria. On the same day, the Commission received a letter from Austria providing information on a State guarantee granted to BAWAG-PSK. (2) By letter dated 30 May 2006, the Commission sent Austria a further request. Austria replied by letter dated 16 June 2006. (3)  On 27 June and 4 December 2006, meetings with the Austrian authorities and representatives of BAWAG-PSK took place. Following the meetings Austria submitted additional information by letter dated 18 July and 21 September 2006. (4) By letter dated 22 November 2006, the Commission informed Austria that it had decided to initiate the procedure laid down in Article 88(2) of the EC Treaty in respect of the aid. (5)  The Commission invited interested parties to submit their comments on the aid by a publication of the decision to initiate the procedure in the Official Journal of the European Union (}). No comments were received following this publication. (6) In response to Commission requests, Austria supplied further information by letter dated 31 December 2006 and 31 January 2007. (7)  On 28 February, 30 March, 25 April and 8 May 2007 meetings with the Austrian authorities and represen- tatives of BAWAG-PSK and Cerberus took place. Following the meetings, Austria submitted additional information by letter dated 28 March, 19 April, 4 May, 21 May, 31 May, and 13 June 2007. () See footnote 2.