Cabinet of Ministers Regulations No. 787 Riga 2014 on December 16th (Mon. No 71 47) amendments to the Cabinet of Ministers of 17 February 2009. Regulations No. 164 "rules on loans to improve the competitiveness of economic operators ' Issued in accordance with the Cabinet of Ministers Act article 31 equipment, first paragraph, point 3 to make a Cabinet of 17 February 2009. Regulations No. 164" rules on loans to improve the competitiveness of economic operators "(Latvian journal, 2009, 2010, 35. No; 117. no; 2013, 96., 246. no; by 2014, 131. no) the following amendments : 1. Express provisions of title as follows: "the provisions on loans and initiating economic competitiveness of economic operators". 2. paragraph 1 shall be expressed by the following: "1. the provisions laid down in the conditions of granting of the aid in the form of loans for initiating economic activity and competitiveness of economic operators (hereinafter referred to as the loan)." 3. Express 3 and paragraph 4 by the following: "3. the aim is to improve the economic activities of the cartel, mikrokomersant, as well as small and medium-sized business competitiveness, to promote the economic development of the Republic of Latvia. 4. The public forum of the Viola mikrokomersant, small and medium-sized business operators provided working capital loans, investment loans and microloans. The company operating the cartel of the Viola provides loan to start economic activities. " 4. To supplement paragraph 5 with the second and third sentence as follows: "in addition to the available funds in the amount of eur 2 000 000 action programme" entrepreneurship and innovation "Appendix 2.3.2.1. activity" business incubator "business incubator in the economic activities of the cartel, if they comply with the provisions in chapter III2. This source of funding is the "operational programme human resources and employment ' 1.3.1.2. activities Appendix" support for self-employment and business start-up "repayment of public funding." 5. To supplement the provisions under point 5.1 by the following: "5.1 with the Ministry of economy of the public contract of the Viola a referred to in paragraph 5, in addition to the use of the available funding, monitoring and allocation arrangements." 6. Make paragraph 6 by the following: "6. The loan contract period is December 31, 2015." 7. Express 8, 9 and 10 of the following paragraph: "8. The provisions of chapters II, III and III1 within the target group of beneficiaries is the mikrokomersant, small and medium-sized merchants (hereinafter referred to as the operator). This provision in the context of chapter III2 beneficiaries are natural persons who meet the conditions of this provision of the aid referred to in chapter III2 and want to start economic activities or self-employment, as well as newly economic operators (hereinafter referred to as operating the cartel). 9. Loans to provide operating and initiating economic operators, which is economically viable for future action plans, but there is no available funding increased risk of credit institutions. 10. The operator may provide separate working capital loans, investment loans or micro-or together all these loans. Separately, provides support in the form of loans for initiating economic activity. " 8. Supplement with 12.2 points as follows: "12.2 not industries provides support for economic activities, this provision is laid down in chapter III2" 9. Express 16.1 points in this version: "10.0 float does not grant ailing economic operator: 16.1 1. by a judgment which has been declared insolvency proceedings or the judgment of the Court is the legal protection process, or by a decision of the Court of Justice is an out-of-court redress process, previous bankruptcy, or the restoration of a suitable composition or that economic activity has been terminated, or who comply with the laws and regulations in the field of insolvency established criteria to the request of the creditor-initiated insolvency proceedings; 16.1. If it is a corporation 2 and then on the day of submission of the project accumulated losses have lost more than half its equity (that is, if the accumulated losses minus from reserves (and all the other positions, which are reputed to be considered as part of the company's equity), a negative result occurs that exceeds half of the share capital); 16.1 3. If at least some its members have unlimited liability for the company's indebtedness and to project the day of submission of the accumulated losses have lost more than half of the company's accounting records indicate capital. " 10. Supplement with 16.2 points as follows: "merchants, 16.2 for less than three years shall not be considered an ailing company, except when it meets this provision 16.1. the conditions referred to in paragraph 1." 11. Delete paragraph 19 and 31 and the number of words "subject to this provision the limit set in paragraph 10". 12. Replace the words "in paragraph 20.6, State aid website" with the words "URwww.altum.lv" Web site.
13. Express 21.4 points as follows: "do not give Microloans 21.4 ailing economic operator: 21.4 1. by a judgment which has been declared insolvency proceedings or the judgment of the Court is the legal protection process, or by a decision of the Court of Justice is an out-of-court redress process, previous bankruptcy, or the restoration of a suitable composition or that economic activity has been terminated, or who comply with the laws and regulations in the field of insolvency established criteria to the request of the creditor-initiated insolvency proceedings; 21.4 2. If it is a corporation and then on the day of submission of the project accumulated losses have lost more than half its equity (that is, if the accumulated losses minus from reserves (and all the other positions, which are reputed to be considered as part of the company's equity), a negative result occurs that exceeds half of the share capital); 21.4 3. If at least some its members have unlimited liability for the company's indebtedness and to project the day of submission of the accumulated losses have lost more than half of the company's accounting records indicate capital. " 14. the supplement to chapter III1 34.10 points as follows: "merchants, 34.10 for less than three years shall not be considered an ailing company, except when it meets this rule 21.4 1. the condition laid down in point." 15. To supplement the provisions of this chapter with III2: "III2. Support for initiating economic activities

34.11 The eligible person, if the loan at the time of the application has reached 18 years of age, or the legal person, if that person satisfies at least one of the following conditions: 1. it does not make or 34.11 last year, haven't taken economic activity; 34.11 2. economic activity that wants to receive aid, it has launched in the past year, and last year it did not carry out other economic activities; 34.11 3. economic activity that wants to receive aid, it has launched a period of one to three years before the submission of the application for the loan, and last year it did not carry out other economic activities; 34.11 4. it carries out or last year has made the business operations, but support wants to get other business start-up activities, including the production of a new product, under the condition that the business plan in the past year has registered or will be registered in a new merchant. A new product within the meaning of this provision include the goods and services or to the beneficiary, if the beneficiary has an associated person, group of persons, is completely new, or that have substantially improved their functional characteristics and the expected route of Administration (e.g., significant changes in specifications, components and materials, add software, user friendly characteristics or other functional characteristics). 34.12 after initiating the economic activities of the public reception of the Viola decision about granting of loans registered in the register of companies or State revenue service as economic operator (trader or self-employed). the meaning of these provisions 34.13 considered that person's economic activities, if it has a significant interest in the merchant or it is registered as the operator of economic activity (excluding self-employed). Participation in a substantial merchant believes, if the person holds 25% or more of the operator's voting shares or holdings. 34.14 economic cartel meets the following conditions: 1.34.14 if economic cartel is self-employed, it meets at least one of these rules the conditions mentioned in paragraph 34.11; 34.14 2. If operating the cartel is a merchant, its members are natural persons who satisfy at least one of the terms referred to in paragraph 34.11 conditions or when operating the cartel members are legal persons, legal persons, the proportion of the total voting shares or amount of shares allowed not more than 25%. If the merchant members are natural persons, the operator's Board members are the only merchant members.  34.15 of the loan funds cannot finance the acquisition of fixed assets, if the supplier is operating the cartel members or with the cartel-related economic activities. Related persons within the meaning of these provisions comply with the provisions of Commission Regulation No 1407/13 paragraph 2 of article 2 laid down in one single company. 34.16 support for economic activities offers the cartel as de minimis aid under Regulation No 1407/2013 34.17 support operating the cartel are granted the following activities and sectors: 34.17 1. Commission Regulation No 1407/2013 set out in article 1 activities and sectors; 34.17 2. insurance, financial intermediation and banking services; 34.17 3. freight vehicles, leasing of machinery and equipment; 34.17 4. operations with real estate; 34.17 5. gambling and betting; 34.17 6. weapons, tobacco, beer and alcoholic beverages, and trade. Support the economic activities of 34.18 entrant shall not be granted if it is declared by a Court of insolvency proceedings or the judgment of the Court is the legal protection process, or by a decision of the Court of Justice is an out-of-court redress process, the previous bankruptcy, or the restoration of a suitable composition or its economic activity is terminated, whether it conforms to the legislation in the field of insolvency, to the criteria set by the request of the creditor-initiated insolvency proceedings. 34.19 for support business start-up, the applicant shall submit the community of Alta loan application. 35.10 the decision concerning the granting of aid for the Viola society based on the application submitted by the applicant, containing the business description of the project, as well as other companies of the Alto specified information. 34.21 loan maximum amount is € 77 000. Loan term – up to eight years. Operating the cartel or when operating the cartel is a merchant, the shareholders can receive support for the implementation of the business plan. 34.22 where the business plan provided for in the project scope is larger than the 7200 euro, operating the cartel provides co-financing for their business plan at least 10% of the business plan for the project. Economic cartel business plan operating for co-financing uses its own resources or external funding that is not related to any commercial support. Operating business plan for initiating the project up to 86 000 euro.  34.23 operating entrant grant interest rate subsidies: 34.23 1.  80% of interest payments in the amount of the payment provided for persons who fulfil these rules 1 and 2.34.11 34.11 requirements referred to in subparagraph; 34.23 2.  70% of interest payments in the amount of the payment provided for individuals that meet this rule 34.11 3. and 4.34.11 in those requirements. 34.24 giving support for initiating economic activities, one single company provides a de minimis aid, the total amount may not exceed the Commission Regulation No 1407/2013 article 3, paragraph 2 limits. One single company comply with Commission Regulation No 1407/13 paragraph 2 of article 2 laid down in one single definition for a company. " 16. Make the following section 36.1.: "36.1. where the operator lays claim to the revolving loan funds, micro or support the economic activities of the cartel, information about the merchant above de minimis aid received, subject to the laws and regulations on de minimis aid tracking and allocation procedure and de minimis aid in the form of samples, showing the details of a fiscal year and the two previous fiscal years;". 17. Add to 38.1 points in the second sentence by the following: "38.1 aid is not granted cartel economic activities which have received aid for the operational programme" human resources and employment ' 1.3.1.2. activities Appendix "support for self-employment and business start-up '." 18. To supplement the chapter IV with a 38.2 point as follows: "38.2 entrant economic activities that are funded action programme" entrepreneurship and innovation "Appendix 2.3.2.1. activity" business incubators "and comply with the provisions of this chapter, support III2 economic activities to be covered from the commencement of this provision in paragraph 5 that additional funding." 19. To supplement the provisions of paragraph 41 the following: "41. Loan applications to start the economic activities, the society submitted a period of Alto from 2014 1 October to this provision III2 chapter into force, financed from the European regional development fund under the State aid rules laid down in the Cabinet's 31 March 2009 No. 293 of the provisions of the" rules for the operational programme "human resources and employment ' 1.3.1.2. activity of Appendix" support for self-employment and business start-up "to" chapter III. " The Prime Minister is the Rapidity of economic Newsletters, Minister Dana Reizniec-oak