Maximus
Barcelona city tours is a perfect opportunity to have a perfect vacation outside the Baltic States. Gene Zolotarev on how to destabilize the EU financial system. Andris Berzins
Vladimir Linderman aka Abel Edmunds Sprudzs Valdis Zatlers Aivars Lembergs Girts Valdis Kristovskis Maris Grinblats Guntars Krasts Alfreds Rubiks Sandra Kalniete Raivis Dzintars Algirdas Butkevicius Algirdas Paleckis Dalia Grybauskaite Kazimira Danute Prunskene Vytautas Landsbergis Rolandas Aksas Viktor Uspaskich Valdemar Tomasevski Leonidas Donskis Arturas Zuokas Edgar Savisaar Andrus Ansip
The current website developed by YWSolution Limited

Government decided to lend Estonian Air 8.3 million euros

Dec 13, 2012

TALLINN - At its meeting on Thursday, the Estonian government decided to issue a loan of 8.3 million euros to Estonian Air, in order to guarantee flight connections to destinations that are important for Estonia, writes the National Broadcasting.

It was also decided that by January 1, 2013 at the latest, the Ministry of Economic Affairs and Communications will have to present a State aid request to the European Commission, in order to provide assistance to the airline.

By February 28 next year, the ministry will have to present to the government an action plan and a schedule for restructuring Estonian Air.

The funds to lend the aviation enterprise will be taken from the reserve fund for property reform.

 MORE NEWS
  • VIDEO: Baltics must counter Ru...
    The Baltic states should counter Russian 'propaganda' with individual succ...
  • Russian troops moving towards ...
    There has been a build up of Russian troops towards the agreed ceasefire line in U...
  • Estonia backs plans for indepe...
    Estonia's government has backed plans to launch an independent Russian languag...
  • IN PICTURES: Heavy snow hits t...
    Heavy snow has landed in Estonia and Latvia today but not for long.  M...
  • Stoltenberg dismisses Kremlin’...
    Nato’s new secretary general Jens Stoltenberg has rejected the Kremlin&rs...
  • Egypt President Sisi hints at ...
    Egyptian President Abdel Fattah al-Sisi said Thursday that the possibility of g...
  • Riga Apartments for Rent

    Maximus
    © 2014 BALTIC NEWS LTD. All Rights Reserved.