RIGA - The European Commission (EC) has found Latvian loan guarantee scheme and subsidized loan scheme for companies affected by coronavirus outbreak to be in line with EU State aid rules, LETA learned from the EC representation in Latvia.
The schemes were approved under the State aid Temporary Framework to support the economy in the context of the Covid-19 outbreak adopted by the Commission on March 19, 2020.
EC Executive Vice-President Margrethe Vestager, in charge of competition policy, said: "With these two measures Latvian companies affe...
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