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Europe Daily Bulletin No. 9951

30 July 2009
GENERAL NEWS / (eu) eu/state aid
Investigation into aid package for Latvian JSC Parex Banka

Brussels, 29/07/2009 (Agence Europe) - On Tuesday 29 July, the European Commission opened an in-depth investigation into state support measures for the Latvian JSC Parex Banka. The investigation will evaluate whether the bank's restructuring plan, presented by the Commission last May, justifies the aid granted to Parex since November last year. In a press release published on Wednesday, the Commission explained that “the opening of an investigation is normal when there is public...

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