Government approves strategy for phasing out Covid-19 linked state aid to Riga Airport
Published date | 18 July 2022 |
Publication title | LETA |
RIGA, July 18 (LETA) - The government last week approved a strategy for phasing out the state aid that was provided to Riga International Airport due to the Covid-19 crisis, LETA was told at the Transport Ministry.
In the closed part of its July 14 meeting, the government approved the strategy for phasing out Covid-19 state aid to Riga Airport in line with the Temporary Framework on State aid measures to support the economy in the current context of the COVID-19 outbreak (Temporary Framework), adopted by the European Commission on March 19, 2020.
The Transport Ministry indicated that compared to the start of the pandemic in 2020, Riga Airport has been showing growth, allowing the government to decide on ending state support.
Riga Airport CEO Laila Odina said that the airport has been generating profit for the past couple of months and that there will be no radical travel restrictions this fall, which means that the airport expects to close 2022 without losses and perhaps even with a small profit.
In June, Odina told LETA that the airport plans to exit the state aid program two years after its adoption, which means that this will happen from March 2023.
Odina noted that the...
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