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Amendments To The Cabinet Of Ministers Of 17 February 2009. Regulations No. 164 "rules On Loans To Improve The Competitiveness Of Economic Operators"

Original Language Title: Grozījumi Ministru kabineta 2009.gada 17.februāra noteikumos Nr.164 "Noteikumi par aizdevumiem komersantu konkurētspējas uzlabošanai"

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Cabinet of Ministers Regulations No. 374 Riga 2014 (1 July. No 36 35) 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, no. 246) 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" national stock company "Latvian development financial institution Viola" (hereinafter referred to as society Alto) ". 2. Replace the text, the words "mortgage banking" (fold) with the words "Viola" company (the fold). 3. Express 4 by the following: "4. The public forum of the Viola mikrokomersant, small and medium-sized business operators provided working capital loans, investment loans and micro." 4. Express points 6 and 7 by the following: "6. the deadline for the conclusion of contracts of loans merchants have 2015 October 31. 7. under the terms of The mikrokomersant, small and medium-sized merchants is merchants 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, no L 187) (hereinafter referred to as Commission Regulation No 651/2014), the definition set out in annex 1. " 5. Make 10 the first sentence of the paragraph by the following: "10. The operator may provide separate working capital loan, investment loan or microloans, or all of these loans together." 6. Replace paragraph 10.1 "498,005.13" with the number "500 000". 7. Replace the introductory paragraph of point 12, the numbers and the words "in chapters II and III" with numbers and the words "annexes II, III and chapter III1. 8. To supplement the provisions under paragraph 12.1, as follows: "The provisions of 12.6 12.1, 12.7, 12.8, 12.9, 12.10..., 12.11., 12.12, 12.13, 12.14..., 12.15 12.17 12.16.,, (with the exception of public, political and other organisations) and 12.18. referred to sectoral restrictions do not apply to micro-loans, which are provided in accordance with the provisions of chapter III1." 9. Replace paragraph 13, the words "www.hipo.lv" with "URwww.altum.lv". 10. Delete the second sentence of paragraph 14. 11. Make a point 15 as follows: "15. 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)." 12. Express 16. the first sentence by the following: "4. The float does not grant activities and sectors laid down in Commission Regulation (EC) No 1407/2013 article 1." 13. Replace paragraph 19, the number "711,435.91" with the number "000" 720. 14. Express the point 20 as follows: "20. Giving working capital loan, 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 company" definition. " 15. The deletion of the second sentence of paragraph 21. 16. Make points 22 and 23 by the following: "22. Investment loans provided as regional investment aid under Regulation No 651/2014 23. Investment loans are not granted: 23.1. activities, laid down in Commission Regulation No 651/2014 article 1, paragraph 2 and article 13" d "section; 23.2. the sectors laid down in Commission Regulation No 651/2014 article 1, paragraph 3, and article 13, paragraph "a"; 23.3. the economic operators which comply with the definition of the operator's difficulty in accordance with Commission Regulation No 651/2014 article 2, paragraph 18; 23.4. economic operators covered by the recovery order referred to in Commission Regulation No 651/2014 article 1 paragraph 4 "a" above. " 17. To supplement the rules by 23.1 points as follows: "where the applicant 23.1 works in Commission Regulation No 651/2014 article 1 point 3" a "," b "or" c "in the sectors referred to in point and the other sectors covered by the Commission Regulation No 651/2014 scope, support may be granted only on condition that there is a clear distinction between the eligible areas or financial flow from other activities of financial flows to ensure that actions excluded sectors do not benefit from the aid granted in conformity with Commission Regulation No 651/2014. " 18. Make 28 the following: "28. support is provided to the original investment or initial investments in new economic activity in accordance with Commission Regulation No 651/2014 article 41, 49 and 51. the definitions referred to in paragraph 1, as well as in the light of Commission Regulation No 651/2014 6. Article 14, paragraph 7 and 13 in these conditions." 19. Make the following section 30.2. "it includes merchant 30.2. assets as depreciable assets, maintaining their relationship with the project for at least three years;". 20. Replace paragraph 31, the number "1,422,871.81" with the number "1 430 000". 21. Supplement with 33.1 point as follows: "the company of Alta published 33.1 State aid website information pursuant to Commission Regulation No 651/2014 article 9, paragraph 1 and 4, as well as ensuring the accessibility of information for 10 years from the date of granting of the aid." 22. To supplement the provisions of this chapter III1: "III1. Micro

34.1 Micro Award merchants viable business projects – investment and working capital funds. 21.3 Micro provided as de minimis aid under Regulation No 1407/2013. to not grant activities of micro 21.3 and laid down in Commission Regulation (EC) No 1407/2013 article 1. 21.4 in difficulty are not granted to Micro economic operator who: 21.4 1. judgment of the Court of Justice has 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, the previous bankruptcy, or the restoration of a suitable composition or its economic activity is terminated; 21.4 2. to project the application moment losses more than half of the share capital and the last 12 months – a quarter of the share capital and is detected in this rule 21.4. as referred to in point 4; 21.4 3. According to the last two years, the financial statements and operational review for the last available at the time of the application, the project is experiencing difficulty in operating the operator signs – damage increase, the reduction in turnover, declining cash flow, debt, interest payments rise, stock inventories, low liquidity, falling or zero value of assets – and is detected in this rule 21.4. as referred to in point 4; 21.4 4. no option to cover the losses from its own funds or 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 will lead economic actors to the ability to continue operations. 34.5 for micro, the Merchant shall provide community of Alta loan application. 21.5 the company Alta Museum, shall decide on the granting of microloans, based on the merchant application, which includes the business description of the project, as well as other companies of the Alto specified information. 21.6 the maximum amount of Microloans is 25 000 euros. Micro allocation time – up to seven years. The merchant can get more loans, provided that the total does not exceed the maximum laid down in this paragraph. 21.6 If financed business projects amount does not exceed 30 000 euros and is intended for investment and microloans they need working capital financing, trader with micro granted interest-rate subsidy of 50% of the interest payments the payment. 21.7 giving microloans, for 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 company" definition. " 23. Make the following section 36.1.: "36.1. where the operator lays claim to the working capital loans or micro-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;". 24. the express 37. paragraph by the following: "37. Aid eligible costs are determined, can be combined with other State aid, in accordance with Commission Regulation No 651/2014 article 8, paragraph 3 and 4 these conditions." 25. Delete paragraph 38. 26. Express 23.7 points as follows: "under this rule 38.1 European Union structural funds may not be granted if the beneficiary has received or anticipates receiving funding for the same eligible costs of other activities in the framework of the State, municipalities or European Union funds under this provision, paragraph 37, and the micro can not be accumulated with support provided under the Cabinet of Ministers of 6 September 2011 regulations no 698" rules on micro-loans and grants to Latvia and Switzerland individual cooperation programme project "microcredit" program ". The Prime Minister is the Rapidity of economic Newsletters Minister Vyacheslav dombrovsky