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Document 52005XC1029(04)

Information communicated by Member States regarding State aid granted under Commission Regulation (EC) No 70/2001 of 12 January 2001 on the application of Articles 87 and 88 of the EC Treaty to State aid to small and medium-sized enterprises, as amended by Commission Regulation (EC) No 364/2004 of 25 February 2004 (Text with EEA relevance)

OJ C 270, 29.10.2005, p. 13–14 (ES, CS, DA, DE, ET, EL, EN, FR, IT, LV, LT, HU, NL, PL, PT, SK, SL, FI, SV)

29.10.2005   

EN

Official Journal of the European Union

C 270/13

Information communicated by Member States regarding State aid granted under Commission Regulation (EC) No 70/2001 of 12 January 2001 on the application of Articles 87 and 88 of the EC Treaty to State aid to small and medium-sized enterprises, as amended by Commission Regulation (EC) No 364/2004 of 25 February 2004

(2005/C 270/07)

(Text with EEA relevance)

Aid No

XS 71/04

Member State

Latvia

Region

Latvia

Title of aid scheme or name of company receiving individual aid

Promotion of the conversion and development of rural areas

Legal basis

Vienotā programmdokumenta Programmas papildinājuma 4.1. apakšprioritātes ‘Lauksaimniecības un lauku attīstības veicināšana’ 4.1.4. pasākums: Lauku teritoriju pārveidošanās un attīstības veicināšana

Annual expenditure planned or overall amount of individual aid granted to the company

Aid scheme

Annual overall amount

2004

EUR 20 681 355

2005

EUR 29 031 429

2006

EUR 30 573 281

Loans guaranteed

n.a.

Individual aid

Overall aid amount

 

Loans guaranteed

 

Maximum aid intensity

In conformity with Articles 4(2)-(6) and 5 of the Regulation

Yes X

No

The amount of public aid may not exceed 50 % of the total eligible investment expenditure.

If the total eligible expenditure called for by the investment in undertakings provided for in the project does not exceed EUR 540 000 for one aid recipient in the period from 2004 to 2006, the public financing will be 50 % of that total. The financing breaks down as follows: European Union, 35 %; Republic of Latvia, 15 %; and private, 50 %.

The eligible expenditure corresponds to the initial investment defined in Regulation (EC) No 70/2001, as amended: investment in land, buildings, machinery and equipment

Date of implementation

30.4.2004

Duration of scheme or individual aid award

31.12.2006; the financial resources may be utilised until 31.12.2008, in accordance with the EU structural fund procedures.

Objective of aid

Aid to SMEs

Yes X

No

Economic sectors concerned

All sectors eligible for aid to SMEs

No

Limited to specific sectors

 

—

Coalmining

 

—

All manufacturing

 

or

 

Steel

 

Shipbuilding

 

Synthetic fibres

 

Motor vehicles

 

Other manufacturing

 X

—

All services

 

or

 

Transport services

 

Financial services

 

Other services

 X

The sectors qualifying are defined in accordance with Article 33 of Council Regulation (EC) No 1257/1999 of 17 May 1999:

—

encouragement for tourist and craft activities;

—

diversification of agricultural activities and activities close to agriculture to provide multiple activities or alternative incomes;

—

basic services for the rural economy and population

Name and address of the granting authority

Name:

Lauku atbalsta dienests [Rural Assistance Department]

Address:

Republikas laukums 2, Riga, LV-1981

Large individual aid grants

In conformity with Article 6 of the Regulation

Yes X

No
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