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)
Date: 2005-10-29
Institutions: European Commission
Subjects: Latvia, State aid, control of State aid, redevelopment aid, small and medium-sized enterprises

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

Region

Latvia

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 teri-
toriju pārveidošanās un attīstības veicināšana

Annual
overall
granted to the company

expenditure
amount of

planned
individual

Aid scheme

or
aid

Annual overall amount

2004

2005

2006

EUR 20 681 355

EUR 29 031 429

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 Regu-
lation (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;
accordance with the EU structural fund procedures.

the financial resources may be utilised until 31.12.2008,

in

Objective of aid

Aid to SMEs

Yes X

No

C 270/14

EN

Official Journal of the European Union

29.10.2005

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

— All services

or

Transport services

Financial services

Other services

X

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
authority

the granting

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