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Europe Daily Bulletin No. 10540

27 January 2012
Contents Publication in full By article 10 / 47
ECONOMY - FINANCE - BUSINESS / (ae) state aid
Aid to MLB temporarily approved

Brussels, 26/01/2012 (Agence Europe) - On 26 January, the European Commission granted temporary clearance of Latvian support measures needed for the phasing out of the activities of the Mortgage and Land Bank (MLB), a mixed development and commercial bank, and for its transformation exclusively into a development bank. Aid consists in the recapitalisation of LVL 70.2 million granted in March 2010, an additional recapitalisation measure, a standby liquidity facility, guarantees to...

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INSTITUTIONAL
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COUNCIL OF EUROPE