Brussels, 10/06/2015 (Agence Europe) - On Tuesday 9 June, the European Commission gave the go-ahead to Latvia's plan to use a recent merger of three public institutions to set up a financial institution (the Latvian Single Development Institution - SDI) to facilitate access to finance for small and medium-sized enterprises (SMEs) and other players facing obstacles to raising finance on the markets.
Latvia plans to inject more than €512 million of capital from state resources into the SDI...