Cabinet of Ministers Regulations No. 469 in 2016 (15 July. No 36 2. §) rules for parallel loans economic competitiveness of the operators were issued under the European Union's structural funds and the cohesion fund the 2014 – 2020 programming period the control law paragraph 14 of article 20 and the Development financial institutions act, article 12 the fourth part i. General questions 1. determines: 1.1. procedures for implementing the action programme "growth and employment" 3.1.1. specific aid target "to promote the establishment and development of SMES , particularly in the manufacturing sector and priority sectors "RIS3 3.1.1.2. ' mezzanine capital loans" (hereinafter measure); 1.2. the objectives of the measure; 1.3. in the event the funds available; 1.4. operation supported. 2. objective of the measure is to promote the economic operators and the agricultural service cooperative societies (hereinafter referred to as the agents of economic activity) development and competitiveness by providing mezzanine capital financing loans (hereinafter referred to as parallel loan) viable business projects. 3. the meaning of these provisions parallel loan is a long term investment loan with increased credit risk. 4. Parallel loan economic analyst is provided along with a credit institution registered in Latvia or its subsidiaries (hereinafter referred to as the credit institution) funding. 5. Parallel loan is subordinated in relation to long-term credit provided by the credit institution or financial leasing and is reinforced by lower than credit cards guarantee the long term loan or capital lease. 6. Parallel loans issued by joint stock company "development financial institution Viola" (hereinafter referred to as society Viola). 7. A parallel loan procedure according to chapter III of these rules shall be laid down in accordance with the civil law contracts concluded between Alto, economic analyst and credit institution. 8. Measure and additional funding is available for 32 000 000 euro, including the European Regional Development Fund (ERDF) funding of eur 7 000 000, the action programme "entrepreneurship and innovation" 2.2.1.4.1. apakšaktivitāt Appendix "support in the form of loans for improving the competitiveness of economic operators" (hereinafter 2.2.1.4.1. apakšaktivitāt) gained the public financing part repayment of eur 5 000 000 and public funding of eur 20 000 000 Alto: 8.1 measure parallel loans available funding is 15 000 000 euro consisting of 5 800 000 € ERDF funding and public funding of 9 200 000 € Viola; 8.2. the management of the public cost of the Viola measure – ERDF funding of eur 1 200 000; 8.3. finance loans major parallel economic operators is 5 000 000 euro, which consists of public funding of Alta; 8.4. additional funding is available for parallel loans of eur 10 000 000, consisting of a apakšaktivitāt of the repayment gained 2.2.1.4.1. the public financing part 4 200 000 euros and the public funding of eur 5 800 000 Alto; 8.5. company's management costs of this Alto rule 8.4. activities referred to in point-800 000 euro from 2.2.1.4.1. apakšaktivitāt repayment made on public funding. 9. Public funding available for the Viola is management costs up to eur 2 000 000:9.1. parallel loans, financed from the provisions referred to in point 8.1 funding: 9.1.1. eligibility period-the ERDF funding in accordance with the provisions of section 8.2, noting the European Commission's March 3, 2014. the delegated Regulation (EU) no 480/2014, supplementing the European Parliament and Council Regulation (EU) No 1303/2013 laying down common rules on the European regional development fund, the European Social Fund, the Cohesion Fund, the European agricultural fund for rural development and the European Fund for Maritime Affairs and fisheries and general provisions on the European regional development fund, the European Social Fund, the Cohesion Fund and the European Fund for Maritime Affairs and fisheries (hereinafter Regulation No 480/2014), article 13, paragraphs 2 and 3; 9.1.2. after the eligibility period, the outstanding public funding up to 1.5% of the total amount of loans issued under the Cabinet of Ministers of March 1, 2016 rule no. 118 "provisions for financial instruments and Fund of Fund for the implementation of operational programmes for the" growth and jobs "3.1.1. specific aid target" to promote small and medium-sized business creation and development, particularly in the manufacturing sector and priority sectors "and RIS3 3.1.2. specific objective" to increase the growth of the number of "authorised economic operator" (hereinafter Regulation No 118) 22; 9.2. parallel loans, financed from the provisions referred to in paragraph 8.4. Financing: 9.2.1. until 2023 December 31 – in accordance with the provisions of sub-paragraph 8.5. under Regulation No 118 22. paragraph; 9.2.2. starting with January 1, 2024, reimbursed the public funds of up to 1.5% of the total amount of loans issued under Regulation No 118 22. point. 10. The provisions referred to in point 8 of the public finance of the Viola in the national loan, Viola for a company attracts, in accordance with the laws and regulations on the procedures for ministries and other Central Government institutions include the annual State budget bill on a Government loan requests, and State lending and servicing arrangements, subject to the following conditions: 10.1 the loan use the parallel provision of loans to these objectives in these provisions; 10.2. the loan amount is Euro 20 000 000; 10.3. the loan is granted in the form of a credit line; 10.4. the State loan are not subject to the interest rate risk; 10.5. the national security is the pledge of the loan to the company's claim of Alta that will result from these regulations issued under the public lending of them. The Viola 11. the management of the public cost of the Viola part, which is calculated based on performance results, apply a 2% reduction if, in accordance with Regulation No 480/2014 12 criteria defined in article 31, 2023:11.1 the ERDF funding of action learning is less than 80%; 11.2. supported economic measure, the number of whom is less than 12.12. available for the implementation of the measures and additional funding FROM the ERDF, which consists apakšaktivitāt made on repayment 2.2.1.4.1. the public financing part can not be applied to large purchasers of financing economic activity and relevant management expenses. 13. parallel loans major business operators are available after the European strategic investment fund raising the guarantee and financing source is this rule 8.3. referred to public financing of the Viola. 14. under the terms of this tiny (micro), small and average economic performer is the economic operator who satisfies the Commission's June 17, 2014 Regulation (EU) No 651/2014, by which certain categories of aid compatible with the internal market, the application of the Treaty and article 107.108 (General block exemption regulation) (hereinafter referred to as Commission Regulation No 651/2014) (Official Journal of the European Union, 2014 26 June L 187), annex 1 definitions. 15. the major economic performer is the economic operator who satisfies the Commission Regulation No 651/2014 article 2, paragraph 24. 16. the meaning of these provisions are linked to economic agents that conform to Commission Regulation No 651/2014 article 3 of annex 1, paragraph 3, provided for in the definition of the related companies. 17. If you use this rule 8.1 and 8.4. funds referred to in point, losses from the loans bear not recovered in the following order: first the losses borne by 17.1. from public financing by the ERDF or the repayment made on 2.2.1.4.1. apakšaktivitāt of public funding up to the amount specified in a percentage of the total amount of loans on the basis of expected loss risk assessment according to the Development financial institutions act, article 12 third; 17.2. further losses that exceed the specified limits for the first loss, covered from public funds the Viola unit-linked; 17.3. The Viola is the public right to refuse from further implementation measures, based on the actual damages that exceed the previously forecast the expected loss. If such a situation occurred, the company shall submit to the Ministry of Economy of the Alto amendments financial instruments and Fund of fund business plan in accordance with Regulation No 118.18. Total eligible public expenditure of the Viola is reimbursed under the operational programmes for the "growth and employment" in support of specific target (under which the financial instrument is implemented), the ERDF co-financing rate.
II. A parallel loan conditions

19. Parallel loans provided as regional investment aid, in accordance with Commission Regulation No 651/2014 article 13 and 14. 20. The parallel loans shall be granted the following activities and sectors: 20.1. Commission Regulation No 651/2014 article 1 set out in paragraph 2; 20.2. Commission Regulation No 651/2014 article 1 set out in paragraph 3; 20.3. Commission Regulation No 651/2014 article 13, point "a" in the sectors; 20.4. The European Parliament and of the Council of 17 December 2013 Regulation (EU) no 1301/2013 for the European regional development fund and the special rules for the purpose of "Investing for growth and employment" and repealing Regulation (EC) No 1080/2006, article 3, paragraph 3, "a", "b" and "e" in subparagraph sectors and activities. This condition is applicable if parallel loan is financed from the ERDF; 20.5. wholesale and retail for (statistical classification of economic activities (hereinafter referred to as NACE) 2. Chapter 45. "automotive and motorcycle wholesale, retail and repair" and chapter "46 wholesale, except for cars and motorcycles"), except when the parallel loans are operating for the principal offender is a processing industry (NACE Rev. 2 section C "manufacturing"); 20.6. weapons and ammunition trade (NACE Rev. 2 Group 47.78 "goods not elsewhere classified new specialised retail shops"); 20.7. the alcohol trade (NACE Rev. 2 group "beverage wholesale 46.34" and the group "other alcoholic and 47.25 beverage retail specialist shops"); 12.9. the tobacco production and trade (NACE Rev. 2. "chapter 12 manufacture of tobacco products", a group of "tobacco products wholesale 46.35" and group "tobacco 47.26 retail sale in specialized stores"); 20.9. gambling and betting (NACE Rev. 2.92. Chapter "gambling and betting"); 20.10. financial and insurance activities (NACE Rev. 2 section K. "financial and insurance activities"); 20.11. operations with real estate (NACE Rev. 2 section "Operation L real estate", except for the group "68.32 management of real estate on a fee or contract"), except when the loans are real industrial property development; 20.12. vehicles, personal items, household hardware and household equipment hire (NACE Rev. 2 group "automotive leasing and 77.1 leasing", a group of "personal items 77.2 and household supplies to leasing and operating leasing" and group "77.3 General machinery, equipment and material resources, leasing and operating leasing"); 20.13. vehicle and transport equipment the purchase of operating workers operating in the transport sector (NACE Rev. 2 section H of the "Transport and storage"); 20.14. public, political and other activities (NACE Rev. 2.94. Chapter "public, political and other organisations"); 20.15. personal items and household supplies, the repair of other personal services (NACE Rev. 2 group 95.2 "personal items and household supplies to repair" and "chapter 96 other individual services"); 20.16. households as employers ' activities (NACE Rev. 2 section. "household employer; undifferentiated goods and services in individual households '); 20.17. electricity and heating (NACE Rev. 2 section D, "electricity, gas supply, heating and air conditioning"); 20.18. not built or built on the purchase of land, if the land acquisition cost exceed 10% of the loan amount in parallel. This condition is applicable if parallel loan is funded by the ERDF funding. 21. the economic operator shall ensure the operation or the cost of separation in accordance with Commission Regulation No 651/2014 article 1, paragraph 3, if the economic operator while operating under these rules in and assisted eligible sectors. 22. A parallel loan does not grant operating parallel loan operator who at the date of the application shall comply with the following characteristics: 22.1 subject to recovery orders in accordance with Commission Regulation No 651/2014 article 1, point 4, point a; 22.2. in accordance with the State revenue service administered by the tax debtor (fees) in the database of the information available is a tax or fee debt, including State social security payment owed a total of more than 150 euro; 22.3. it meets the ailing merchant status, in accordance with Commission Regulation No 651/2014 article 18 definition. 23. the meaning of these rules eligible costs are investments in tangible assets (in accordance with Commission Regulation No 651/2014 article 29) and intangible assets (in accordance with Commission Regulation No 651/2014 article 30) initial investment or initial investment in new economic activities (in accordance with Commission Regulation No 651/2014 article 2 and 49.51), if the following conditions are fulfilled : 23.1. the assets are new (except where the economic operator is a tiny (micro), small or medium-sized business operators, and with the exception of the place of business acquisition) pursuant to Commission Regulation No 651/2014 article 14, paragraph 6 of the said conditions; 23.2. intangible assets correspond to Commission Regulation No 651/2014 article 14 referred to in point 8; 23.3. in accordance with Commission Regulation No 651/2014 5 article 14 requirements laid down in point remain active in the Republic of Latvia; 23.4. the support provided has a stimulative effect pursuant to Commission Regulation No 651/2014 6. laid down in paragraph 2 of article characteristics. 24. Parallel to substantial change in the loan process of production and the place of business of diversification can be granted, provided that you comply with Commission Regulation No 651/2014 article 14, paragraph 7 of these conditions. 25. in parallel, if the loan amount is at least eur 50 000.
26. in parallel with the loan amount does not exceed eur 5 000 000. 27. When granting a parallel loan in the amount of up to eur 2 000 000, it shall not exceed 45% of the project referred to in these provisions eligible costs little (micro), small and medium business operators and the large 35% – economic analyst. 28. When granting a parallel loan in the amount of 2 000 000 euro, and to over 5 000 000 euro, that does not exceed 35% of these rules the following eligible costs of the project. 29. in parallel, the loan is granted, provided that the following conditions are met: 29.1. economic operator provides a financial contribution (including credit institutions issuing long-term credit or financial leasing) at least 25% of these rules the following eligible costs of the project. Of this financial contribution does not receive any public support, including no national or municipal guarantee, and this funding is not a State or local government issued credit on preferential terms; 29.2. contribution to the eligible costs of the project financed with the funds of the credit institution (long-term credit or financial leasing), which shall not be less than those issued under the regulations parallel the amount of the loan. 30. A parallel loan shall not exceed 10 years. The parallel period of the loan projects in the real estate purchase, construction or renovation area does not exceed 15 years. 31. parallel loans can be applied to a deferral of principal repayment if project funding allocated for credit institutions apply to part of the principal repayment deferral. In this case, the parallel loans principal repayments deferred period may exceed the principal amount of the credit institution given in the financing of a deferral of up to 12 months. 32. Parallel loan is fixed-variable interest rate. 33. in parallel, the total loan annual interest rate: 33.1. loans, financed from this provision 8.1 and 8.4. funds referred to: 33.1.1. the interest rate is equal to the credit institution's long-term credit or financial leasing the annual interest rate, but not less than 2.5%; 33.1.2. Treasury resources; 33.2. loans, financed from the provisions referred to in paragraph 8.3. Finance: 33.2.1. interest rate, which is equal to the credit institution's long-term credit or financial leasing the annual interest rate, but not less than 2.5%; 33.2.2. Treasury resources; 33.2.3. society of the specific risk piecenojum Viola 1-5%.
III. A parallel loan reception conditions

34. for parallel loans, economic operator before the commencement of the implementation of the investment project shall be submitted to the community of Alta loan application and business plan. Business plan contains a description of the project, marketing strategy, product description, information on the projected cash flow and the other companies of the Viola with the requested information necessary for the documents referred to in this paragraph and in support for clarification. 35. before the decision is taken on the parallel granting of loans, the economic operator shall submit information on the Viola for public economic offender previously received aid for investment projects, and de minimis aid received, as well as information on other aid scheme or individual aid projects applications for aid for initial investment, on which the responsible authority has not yet made a decision. 36. A parallel loan may not get if the economic operator has finished the same or a similar activity in the European economic area two years prior to the filing of a parallel loan or if it is the date of the application specific plans for such action to terminate two years from the date on which the region completed the initial investment, for which aid is requested. 37. any original contribution that beneficiaries have begun within a period of three years from the date of the start of work to support other investment, the same classification of territorial units for statistics (nuts) level III region, considered part of a single investment project. If this single investment project is a large investment project in accordance with Commission Regulation No 651/2014 article 52, paragraph 2, of these rules shall not be granted if, within a single investment project total eligible cost exceeding eur 50 000 000.
38. Economic operator parallel loans under these rules can get if it complied with Commission Regulation No 651/2014 article 1 point 5 of these conditions. 39. A parallel loan contract period is December 31, 2020.
IV. the calculation of the grant equivalent of aid and cumulation 40. Grant equivalent parallel loans is equal to operating in a parallel loan granted to the caller. 41. the aid granted on the basis of these rules can be combined with other State aid, which is not identifiable eligible costs, shall not exceed the funding provided for in these rules the intensity and extent of and not exceeding the maximum amount of public funding or a maximum limit value set out in another State aid program, project or individual aid in the decision of the European Commission. 42. these provisions of the funding allocated to these eligible costs can be combined with other aid schemes or individual aid project funding, including de minimis aid, provided that this provision within the funding allocated, together with other support programs or individual aid project funding does not exceed the maximum intensity of regional funding: 42.1. small (micro) and small business operators – 55%; 26.2. the average economic-45%; 26.3. large economic operators – 35%. 43. under this provision the ERDF funding may not be combined with any other public aid for the same eligible costs, if the cost is financed from European Union funds or financial instrument of Norway in the framework of the funding received. 44. in the case of cumulation of aid investment beneficiary begins only after all the participating institutions have adopted the decision on the provision of support for the investment project.
V. support records 45. Company supports this provision of the Viola under support and information tracking. These accounts confirm that under these provisions have not received economic actors that meet these rules referred to in point 22. Such records to the public of the Viola for 10 years from the date on which this rule is assigned to the last support, and information, upon request, submit to the European Commission. 46. Economic operator information on this provision within the support for 10 years from the date of receipt of the aid. 47. The public information on this provision of the Viola in the framework of aid granted shall be published pursuant to Commission Regulation No 651/2014 article 9(1) and (4).
VI. final question 48. Society in accordance with the provisions of the Alto requirements can evaluate loan applications, starting with June 1, 2016. Prime Minister Māris kučinskis Deputy Prime Minister, Minister of economy of Ašeraden of Arvil