Dear Colleagues,
I hope this message finds you well.
On behalf of the Investment and Development Agency of Latvia (LIAA), I would like to inquire about the current practices regarding the financial evaluation of company groups and partner enterprises in your country, particularly concerning the application of
EU Regulation 651/2014 on the status of undertakings in difficulty.
We have identified that EU Member States interpret Commission Regulation (EU) No 651/2014 of 17 June 2014 , which declares certain categories of aid compatible with the internal market in accordance with Articles 107 and 108 of the Treaty, in different ways.
The document relates to Article 18(2) of the EEA Agreement. In particular, we are interested in understanding how your country applies this regulation when evaluating large international company groups whose subsidiaries apply for support.
https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32014R0651
To ensure a harmonized application of the regulation, we kindly request clarification on the following:
-
What financial information do you require from company groups to ensure that they are not classified as "undertakings in difficulty"?
-
Do you assess related companies, such as other companies owned by the parent company, using the parent company’s consolidated financial statements, or do you require individual financial reports from each company within the group?
Additionally, we would appreciate if you could share any relevant materials or guidelines outlining the evaluation principles used in your country. Please feel free to send them in your local language if necessary, as we can arrange for translation.
We look forward to receiving your response and learning more about the approaches taken by your institutions in this area.
Eva Kalniņa
Projektu attīstības nodaļa
Investīciju projektu departaments
Pērses iela 2, Rīga, LV-1442
Mob. Tālr.: +371 26414932
liaa.gov.lv
latvia.eu
