The State starts providing support to energy-intensive manufacturing industries

LATVIA – CONSTRUCTION

The State Construction Control Bureau has started making decisions on granting support to traders in energy-intensive manufacturing industries who have applied for it by the deadline. In total, the BVKB has received 147 applications from traders for a total support request of €24,527,295.36. This week, the SCCB has already made 32 decisions on the total amount of support payable to merchants in the amount of €8,484,552.96 .

The State starts providing support to energy-intensive manufacturing industries

At the end of November, the Ministry of Economic Affairs received approval from the European Commission for support to energy-intensive companies in the manufacturing industry and on 1 December published a statement in «Latvijas Vēstnes». Therefore, the Cabinet of Ministers’ resolution No 638 of October 11, 2022, «Procedure for Providing and Implementing Support to Energy Intensive Manufacturing Enterprises in order to Reduce the Economic Impact of Russia’s Military Aggression against Ukraine» (hereinafter – MC Resolution No 638), and Cabinet of Ministers Resolution No. 703 of 8 November 2022 amending Cabinet of Ministers Resolution No. 638 of 11 October 2022 «Procedure for Providing and Administering Support to Commercial Energy-intensive Processing Industries in order to Mitigate Economic Consequences of Military Aggression by the Russian Federation against Ukraine» (hereinafter – Cabinet of Ministers Resolution No. 703) will come into force on December 2 this year.

Vendors who meet the following conditions can apply for support:

– The merchant carries out the main economic activity in one of the sectors specified in the annex to the Cabinet of Ministers regulations;
– Energy consumption accounts for at least 3% of the total costs of the business activities of the business;
– The total energy consumption of the merchant in 2021 was at least 500 MWh or the total gas consumption in 2021 was at least 500 MWh.

Support for energy-intensive undertakings is granted for the period from 1 February 2022 to 31 December 2022.

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