Cabinet of Ministers Regulations No. 539 Riga 2014 (September 9. No 48 20) amendments to the Cabinet of Ministers of 26 October 2010 regulations No. 997 "Rules on guarantees the operator and relevant agricultural service cooperatives to improve the competitiveness of" made in accordance with the Cabinet of Ministers Act article 31 equipment, first paragraph, point 3

Make the Cabinet of 26 October 2010 regulations No. 997 "Rules on guarantees and adequate agricultural merchant service cooperatives to improve competitiveness" (Latvian journal 177. nr., 2010; 13, 102, no. 252; by 2014, 146. no) the following amendments: 1. Put point 7 by the following: "7. Aid shall not be granted that rule 3.1. referred to economic operators: 7.1. by a judgment which has been declared insolvency or legal protection is implemented for process with the decision of the Court is an out-of-court redress process, previous bankruptcy, or the restoration of a suitable composition or economic activity has been terminated; 7.2. where the guarantee date of the application (if the economic operator is a corporation) accumulated losses have lost more than half of their subscribed capital. If that is the case, the accumulated losses minus from reserves (and all the other positions, which are assumed to be considered as part of the economic operator's equity), a negative result occurs that exceeds half of the subscribed capital; 7.3. guarantees which at the date of the application (if at least some of the operating staff members have unlimited liability for the economic operator's indebtedness) accrued loss has lost more than half of the company's accounting records show capital; 7.4. which (if they are major providers of economic activity) in accordance with the last two of the financial statement data for the debt and equity balance sheet value has exceeded its 7.5 and interest coverage ratio, calculated by EBITDA (earnings before interest, tax and amortisation), has been less than 1.0; 7.5. What is the State revenue service administered tax debt. This limitation does not apply if the economic operator has agreed with the State revenue service on tax debt repayment schedule and fulfil the conditions of this agreement. " 2. Make paragraph 9 by the following: "9. the support shall be granted only for new financial services except if there is one of the following conditions: 9.1 is extended this rule 8.2., 8.4 and 8.5. referred to or the Latvian guarantee agency previously guaranteed financial services contract; 9.2. guarantee for this is provided in rule 8.1, 8.2, 8.3 and 8.4. referred to and existing financial services without the application of this rule 7.2, 7.3, 7.4, 7.5, and 12 in paragraph 10.3. the conditions referred to in paragraph 1, and in addition to the requirements contained in these rules are executed in the following conditions: 9.2.1. operating agent of the Russian Federation, subject to the limitations of the goods production and export volumes or volumes of raw material supply , transportation, expedition, or logistics service delivery volumes are at least 10% of the total turnover of the economic operator, if the Russian Federation limit affect supplies or services are terminated or reduced contract of goods (supply) or purchase price of the service, or dropped the supplies or services; 9.2.2. the Latvian guarantee agency the economic activities of the opinion of the reviewer can regain economic viability, if economic activities are being implemented restructuring measures of the operator; 9.2.3. the economic operator on 31 December 2013 does not match this rule 7.2, 7.3 or 7.4. criteria referred to in (a); 9.2.4. the financial services was repayment of principal is deferred for at least a year, but not more than two years and, if necessary, additional funding is being relaxed repayment terms; 9.2.5. the financial service is not increased interest rate; 9.2.6. the Latvian guarantee agency financial services of the opinion of the value of the collateral is less than the principal and interest payment of the balance or the total economic value of the benefit, calculated according to the net present value and by the credit institution or its subsidiary company benefit by receiving guarantees and give the rules referred to in paragraph 9.2.4. repayment condition of funding relief, not positive; 9.2.7. the great economic operator's credit quality is lower than that specified in the annex of the rules of credit quality class ' solvency would reduce adverse conditions. " 3. Express 10.2. subparagraph by the following: "10.2. guarantee covers up to 80% of the financial services and one upper economic analyst or this provision 9.2. the details referred to in point a (micro), small and medium operators, which guarantees the credit quality is lower than that specified in the annex of the rules of credit quality class ' solvency would reduce adverse conditions", and the related group of people guaranteed amount does not exceed eur 750 000 1 500 000 (or eur If the economic operator active in the road transport sector) and guarantee a maximum term of 5 years or the guaranteed amount does not exceed eur 750 000 (or 375 000 euro, if the economic operator active in the road transport sector) and guarantees shall not exceed 10 years; ". 4. a add to chapter IV with 13.2 points as follows: "The provisions of paragraph 9.2 8.2 guarantees mentioned under tiny (micro), small and medium-sized business operators, which guarantees credit quality is lower than that specified in the annex of the rules of credit quality class ' solvency would reduce adverse conditions", guarantees annual premiums rate is 0.75%, if the security level is high, 1.25% if the security level is normal, or 1.5%, if the security level is low. " 5. Supplement with 14.1 points as follows: "this provision 9.2 point 14.1, the guarantees mentioned under tiny (micro), small and medium-sized business operators, which guarantees credit quality is lower than that specified in the annex of the rules of credit quality class ' solvency would reduce adverse conditions", and large economic operators grant equivalent is equal to 200 000 euro or 100 000 euro, if the economic operator active in the road transport sector If the warranty is issued for this rule 10.2. referred to the maximum guarantee amount and term. If the warranty is issued for a smaller amount or shorter period of time, the grant equivalent is proportionally reduced. " The Prime Minister is the Rapidity of the Newsletters

Economic Minister Vyacheslav dombrovsky