Brussels, 17/07/2013 (Agence Europe) - On Wednesday 17 July, the European Commission authorised support granted by Latvia for the transformation of the Latvian Mortgage and Land Bank (Latvijas Hipotçku un zemes banka, MLB) to be in line with EU state aid rules. In particular, the sale of MLB's commercial assets and its subsequent exit from the commercial banking market will minimise the distortions of competition brought about by the state support. Since 2009, MLB benefitted from...