Cabinet of Ministers Regulations No. 416 Riga 2014 (July 22. § 3 No. 40) amendments to the Cabinet of Ministers on 15 September 2009. Regulations No. 1065 "rules on loans to small (micro), small and medium business operators and agricultural service cooperatives development" Issued under the Cabinet of Ministers Act article 31 equipment, first paragraph, point 3 to make the Cabinet of 15 September 2009. Regulations No. 1065 "rules on loans to small (micro), small and medium business operators and agricultural service cooperatives development" (Latvian journal 2009, no. 154; 2010, no. 162; 49. in 2012, no; 2013, 246. No.) the following amendments: 1. Replace paragraph 2, the words "public joint stock company" Latvian mortgage and land bank "(hereinafter referred to as the mortgage bank)" with the words "public joint stock company" Latvian development financial institution Viola "(hereinafter referred to as society's" Viola ")." 2. Replace the text, the words "mortgage banking" (fold) with the words "company" "Viola" (fold). 3. Add to paragraph 5 with the second sentence as follows: "in addition to" Viola "is available in the funding of eur 2 500 000 guarantees and interest subsidies for the establishment of the Fund. This funding source is a 2004-2006 European Union funds programming period 2.4.1. national programmes (see "loans. microcredit business initiation) "repayment of public funds." 4. Supplement with 5.1 and 5.2 as follows: "the economic Ministry 5.1 contracts with the company" Alta "of those terms referred to in paragraph 5, in addition to the use of the available funding, monitoring and allocation procedures. 5.2 the company "Viola" creates an internal distinction between guarantee and interest subsidy Fund in accordance with the provisions referred to in paragraph 5 of the additional funding available. " 5. Make paragraph 6 by the following: "6. Working capital loan contracts expires 2015 is October 31. Investment loan contracts expires this rule 7.1 and 7.2 referred to economic operators is 2015 October 31, while 7.3 referred to economic operators – 31 December 2014. " 6. Express 7.2. subparagraph by the following: "7. small (micro), small and medium-sized business operators that meet the Commission's June 17, 2014 Regulation (EU) No 651/2014, by which certain categories of aid compatible with the internal market, applying the contract article 107 and 108 (Official Journal of the European Union, 2014 26 June, L 187) (hereinafter referred to as Commission Regulation No 651/2014), the definition set out in annex 1." 7. Replace paragraph 9:7.1 number 426,861.54 "with" the number "000" 430; 7.2. the number "3,130,317.98" with the number "3 135 000". 8. Make paragraph 10 by the following: ' 10. Loans do not grant operating reviewer, if: 10.1. it has tax arrears (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); 10.2. the application of these rules 14, 15 or 21. above the loan, with the judgment of the Court of Justice has declared insolvency proceedings, with 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, has launched bankruptcy proceedings, suitable for rehabilitation or composition or its economic activity is terminated; 10.3. it is the application of the provisions referred to in point 22 of the loan correspond to ailing economic operator status: 10.3.1. by judgment of the Court of Justice has declared insolvency or legal protection is implemented in the process, with the decision of the Court is an out-of-court redress process, the borrower is in the process of recovery or settlement, or the economic activity it has ended; 10.3.2. the loan application at the date of the damage exceeds half of the share capital and the last 12 months – a quarter of the share capital, as well as detected in this rule referred to in paragraph 10.3.3; 10.3.3. it cannot cover the losses from its own resources or with the funds it is able to obtain from its members, shareholders, members or creditors, and it could not stop losses, without which national authorities external intervention in the short or medium term almost certainly will lead to the economic operator is unable to continue operations; 10.3.4. According to the last two years, the financial statements and operational review for the last available on the loan application date of submission are ailing economic analyst signs-damage increase, the reduction in turnover, declining cash flow, debt growth, rising interest rates, stock inventories, low liquidity, falling or zero value of assets – and found this provision 10.3.3 signs referred to. " 9. Replace paragraph 12 the number "42686.15" with the number "43 000". 10. Express points 14 and 15 by the following: "14. This provision 7.1 and 7.2 referred to economic operators: 14.1. working capital loans provided as de minimis aid under the Commission of 18 December 2013 Regulation (EU) No 1407/2013 for the Treaty on the functioning of the European Union and article 107.108. application of the de minimis aid (Official Journal of the European Union, 2013 December 24 , No L 352) (hereinafter referred to as Commission Regulation No 1407/2013); 14.2. the float does not grant the sectors laid down in Commission Regulation (EC) No 1407/2013 article 1. 15. This rule 7.3. referred to economic operators: 15.1. working capital loans provided as de minimis aid under the Commission of 18 December 2013 Regulation (EU) No 1408/2013 for the Treaty on the functioning of the European Union and article 107.108. application of the de minimis aid in the agriculture sector "(Official Journal of the European Union, 2013 December 24, no. L 352) (hereinafter referred to as Commission Regulation No 1408/2013); 15.2. the float does not grant the sectors laid down in Commission Regulation No 1408/2013 article 1. " 11. Replace the number "18" with the number "284,574.36 285 000". 12. Make a point 19 by the following: "19. Giving working capital loan, one economic operator provides a de minimis aid, the total amount of one single enterprise level must not exceed the following: 19.1. these rules 7.1 and 7.2 referred to economic operators, Commission Regulation No 1407/2013 article 3 set out in paragraph 2; 19.2. this rule 7.3. referred to economic operators, Commission Regulation No 1408/2013 article 3 paragraph 2 ceilings. " 13. To complement the chapter II with 19.1 points as follows: "one single company to 19.1 this meaning meet the provisions of Commission Regulation No 1407/13 paragraph 2 of article 2 of Commission Regulation No 1408/2013 article 2 the definition laid down in point." 14. Express 21 as follows: "21. This provision 7.1 and 7.2 referred to economic operators for investment loans provided as de minimis aid under Regulation No 1407/2013 and shall not grant the sectors laid down in Commission Regulation (EC) No 1407/2013 article 1." 15. Supplement with 21.1 points as follows: "this rule 7.2 21.1 referred to economic operators, together with the provisions referred to in chapter III of the investment loan is available for the interest-rate subsidy of 50% of total interest payments the payment if they loan the day of submission of the application is not launched their economic activities or have launched no earlier than five years ago. Interest rate subsidy is calculated, at the time of the grant of the loan payment period not exceeding five years. " 16. Replace the number "27" with "the number 426,861.54 430 000". 17. Replace the figure "in paragraph 27.1 2,845,743.62" with the number "2 850 000". 18. Express 29.1. subparagraph by the following: "this rule 29.1.7.1 and 7.2 referred the participants of economic activity, the total amount of de minimis one single enterprise level must not exceed the Commission Regulation No 1407/2013 article 3 paragraph 2 ceilings." 19.32.1 and 32.2. Expressing. the following subparagraph: "If the loan 32.1. claim this rule 7.1 or 7.2. referred to the reviewer, the economic activities – information about any other de minimis aid received by one single company level, subject to the laws and regulations on de minimis aid tracking and allocation procedure and de minimis aid in the form of samples; 32.2. If the working capital loan qualifies this rule 7.3. referred to the reviewer, the economic activities – information about any other de minimis aid received, subject to the laws and regulations on the procedures for administering and monitoring State aid granted under Commission Regulation No 1408/2013; ". 20. Delete paragraph 33. 21. Make the following paragraph in 34.1: "34.1. may be combined with other de minimis aid received does not exceed the Commission Regulation No 1407/2013 article 3(2) or of Commission Regulation No 1408/2013 article 3 (2) the maximum amount in the fiscal year concerned and the two previous fiscal years — about one single company level." 22. Replace the words "in paragraph 34.2. Commission Regulation No 800/2008" with the words "the Commission Regulation No 651/2014". 23. Replace paragraph 36, the words "()" with a number and the word "(annex 1). 24. the express 37. paragraph by the following: "37." Viola "support one single registration is carried out at the enterprise level in accordance with the laws and regulations on de minimis aid tracking and allocation procedure and de minimis aid in the form of samples, as well as in accordance with the laws and regulations on the procedures for administering and monitoring State aid granted under Commission Regulation No 1408/2013." 25. To supplement the provisions of Chapter VI, by the following: "VI. Economic operators available guarantees 38. Guarantee from this provision of the Fund referred to in paragraph 5.2 provides as de minimis aid under Regulation No 1407/2013 this rule 7.2. referred to economic operators operating in the manufacturing sector (NACE Rev. 2 section C). Guarantees mentioned economic performers available following the rules set out in chapter III investment loans amounting to: 38.1. the improvement of the infrastructure investments if the applicant plans to water supply, heating, household sewage, sewage collection and disposal infrastructure installation and reassembly, installation of underground communications infrastructure and rebuilding, gas, electricity, communication infrastructure and installation of transmission rebuilding and road construction or reconstruction work. Guarantee amount to 80% of the loan amount; 23.7. other investment loans guarantee scope – 65% of the loan amount. 39. these provisions are not granted warranty 10.1. and 10.2. in the cases referred to. 40. the grant equivalent of the economic operator shall be based on the credit quality of the class year safe area premium rate in accordance with the provisions of annex 2. 41. If the guarantee lasts more than a year, the equivalent of the aid is discounted using the European Commission Latvia approved reference rate, determined in accordance with the Commission notice on the reference and discount rates, methods of determination review (Official Journal of the European Union, 2008 January 19, Nr. 014 C) which may be added to the base rate 100 basis points. 42. The beneficiaries of the de minimis total amount of one single enterprise level must not exceed the Commission Regulation No 1407/2013 article 3 set out in paragraph 2. 43. This provision guarantees referred to in chapter VI may be combined with other aid schemes or individual aid project received support under this rule 21.3. the conditions referred to in point. 44. under this provision, if the aid is to be combined with regional aid for investment, provided in accordance with Commission Regulation No 651/2014 or the European Commission approved aid schemes or individual aid project, the beneficiary of the aid project must contribute at least 25% of the project total eligible costs using its own resources or by external financing, which is not affiliated with any commercial support, including de minimis aid. 45. The public "Viola" supports the accounts shall be kept in accordance with the provisions of paragraph 37. 46. the guarantee for payment of the refund order is determined by the provisions of paragraph 5.1 of this agreement. " 26. Replace annex, the word "Annex" to the number and the word "Annex". 27. To supplement the provisions of annex 2 as follows: "annex 2 Cabinet of 15 September 2009. Regulations no safe-harbour premiums 1065 rates the credit quality of the Standard and Poor's Fitch Moody ' ' s annual safe area the highest quality premium AAA Aaa AAA 0.4% very high solvency AA + AA + Aa AA AA Aa 1 2 0.4% AA-AA-Aa 3 high solvency A + A + A 1% (A) (A) (A) (2) (A) 0.55-A-3 A sufficient solvency of the BBB BBB + Ba + 0.8% 1 BBB BBB BBB-2-Ba Ba 3 solvency are sensitive react to disadvantage BB + BB + 1 Ba Ba BB BB BB 2.0% 2-BB-3.8% solvency Ba 3 could reduce the adverse conditions B + B + B 1 B B B B – B – 6.3% 2 B 3 Solvency depends on favourable conditions in the CCC CCC + persistence + Ca 1 cannot provide a safe area for the annual bonus CCC CCC CCC-Ca 2-3 CC CC Not CAA C are filled or nearly failure to meet obligations the Ca cannot ensure the SD DDD annual safe-harbour premiums, "the Prime Minister is the Rapidity of the Newsletters economic Minister Vyacheslav dombrovsky