COBALT advises the Government of Latvia on Funding Agreement
2008 - 07 - 17
The Government of the Republic of Latvia and the European Investment Fund have entered into the Funding Agreement to establish a holding fund for the purpose of financing expenditure in respect of operations comprising contributions to support financial engineering instruments, such as venture capital funds, guarantee funds and loan funds, to enterprises, primarily small and medium-sized ones.
The Funding Agreement is entered into pursuant to the EU Council Regulation (EC) No. 1083/2006 laying down general provisions on the European Regional Development Fund, the European Social Fund and the Cohesion Fund and the Commission Regulation (EC) No. 1828/2006 setting out rules for the implementation of Council Regulation (EC) No 1083/2006 and of Regulation (EC) No 1080/2006 of the European Parliament and of the Council on the European Regional Development Fund.
COBALT Riga office advised the Government of Latvia.