Brussels, 20th March 2009
"The scheme will help alleviate the difficulties faced by Latvian businesses affected by the current situation without giving rise to any undue distortions of competition”, said Competition Commissioner Neelie Kroes. “The Commission was able to approve the measures very quickly thanks to excellent cooperation with the Latvian authorities."
The scheme is based on the provisions of the temporary framework that deal with compatible aid of a limited amount. In particular, the maximum amount of aid does not exceed €500 000 per company and the scheme applies only to businesses which were not in difficulty on 1 July 2008.
The decision will be published in the State Aid Register on the website of DG Competition, under the reference number N 124/2009. The latest decisions on state aid published in the Official Journal and on the website are listed in the electronic newsletter State aid Weekly e-News.