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LMB: An agreement signed for the implementation of the program ‘'Improvement of Competitiveness of Enterprises''

Spekuliantai.lt | 2009-04-29 | NASDAQ OMX biržų naujienos | perskaitė: 1211
LMB: An agreement signed for the implementation of the program ‘'Improvement of Competitiveness of Enterprises''

Latvijas Hipoteku un zemes banka Company Announcement 29.04.2009

An agreement signed for the implementation of the program ‘'Improvement of
Competitiveness of Enterprises''

On 21 April, 2009 Mortgage and Land Bank of Latvia has signed an agreement with
the Ministry of Economics of the Republic of Latvia for the implementation of
the program Improvement of Competitiveness of Enterprises. The co-financing of
total amount 63 228 456 EUR (44 437 212 LVL) is allocated from the European
Regional Development Fund (ERDF).
According to the requirements of the EU for the issuing of the loans from the
ERDF the Loan Fund is established with total amount of 58.5 million Lats, i.a.,
co-financing from ERDF and state - 43.3 million Lats and from Mortgage and Land
Bank of Latvia - 15.2 million Lats.

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