EU Commission approves EUR 181.5 million Latvian business support schemes in context of Russia's invasion of Ukraine

• Published date: 01 August 2022
• Publication title: LETA

RIGA, Aug 1 (LETA) - The European Commission has approved two Latvian schemes with a total budget of EUR 181.5 million to support small and medium-sized enterprises (SMEs) and large companies across sectors in the context of Russia's invasion of Ukraine, LETA was told at the press office of the European Commission's Representation in Latvia.

The schemes were approved under the State aid Temporary Crisis Framework, adopted by the Commission on March 23, 2022, based on provisions of the Treaty on the Functioning of the European Union (TFEU), recognizing that the EU economy is experiencing a serious disturbance.

Latvia notified to the Commission under the Temporary Crisis Framework two schemes with a total budget of EUR 181.5 million to support SMEs and...