Authorisation for State aid pursuant to Articles 107 and 108 of the Treaty on the Functioning of the European Union

Cases where the Commission raises no objections

SA.105247

(Text with EEA relevance)

(2023/C 195/14)

Date of adoption of the decision

6.1.2023

Aid number

SA.105247

Member State

Latvia

Region

Title (title and/or name of the beneficiary)

State Aid SA.105247 (2022/N) — Latvia TCF: Subsidised loans scheme (amendment to SA.103359)

Legal basis

Cabinet Regulation No.349 of 14 June 2022 on the loan programme to reduce the economic consequences caused by the Russian military aggression against Ukraine

Type of measure

Scheme

Objective

Remedy for a serious disturbance in the economy

Form of aid

Soft loan

Budget

Overall budget: 141 500 000 EUR

Intensity

Duration

Until 31.12.2023

Economic sectors

All economic sectors eligible to receive aid

Name and address of the granting authority

Development Finance Institution Altum

Doma laukums 4, Riga

Other information

The authentic text(s) of the decision, from which all confidential information has been removed, can be found at:

https://ec.europa.eu/competition/elojade/isef/index.cfm