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State Aid

State Aid Cases

NN68/2008 € - $ - Public support measures to JSC Parex Banka

Member State: Latvia
Primary Objective: Remedy for a serious disturbance in the economy
Legal basis primary: Art. 107(3)(b) TFEU - Remedy serious disturbance
Legal basis secondary: Crisis - Financial sector - Banking Communication, 2008
Sector: K - Financial and insurance activities
Aid instrument: Guarantee
Other forms of equity intervention
Soft loan
Case Type: Individual Application
Duration: from 21.11.2008 to 21.05.2009
DG Responsible: Competition DG
Related Cases: N189/2009
Decision on 24.11.2008: Decision not to raise objections
Press release: IP/08/1766
Decision Text: Letter to the Member State - authentic language   lv  pdf
Publication on 27.06.2009: Official Journal: JOCE C/147/2009

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