The European Commission gave its green light, on Monday 8 March, to Latvia’s plan to grant up to €39.7 million for the recapitalisation of the State Joint Stock Company Riga International Airport.
These measures were authorised under the State Aid Temporary Framework, which was relaxed due to the Covid-19 pandemic.
The Commission found the recapitalisation measure to be in line with EU rules: Latvia committed to work out a credible exit strategy within 12 months after the aid is...