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Text consolidated by Valsts valodas centrs (State Language Centre) with amending regulations of:

27 March 2020 [shall come into force from 27 March 2020].

If a whole or part of a paragraph has been amended, the date of the amending regulation appears in square brackets at the end of the paragraph. If a whole paragraph or sub-paragraph has been deleted, the date of the deletion appears in square brackets beside the deleted paragraph or sub-paragraph.

Republic of Latvia

Cabinet Order No. 120
Adopted 25 March 2020

Regarding the Increasing of the Equity Capital of the State Stock Company Latvian Air Traffic

1. Increase of the equity capital of valsts akciju sabiedrība "Latvijas gaisa satiksme" [State stock company Latvian Air Traffic] (hereinafter - the company) shall be supported by investing therein funds in the amount of EUR 6 000 000 to ensure the overcoming of the economic crisis and stabilising of the economic situation in the sector.

2. The Ministry of Finance shall, in accordance with Section 22 of the law On Measures for the Prevention and Suppression of Threat to the State and Its Consequences Due to the Spread of COVID-19, increase the appropriation for the Ministry of Transport in the programme 97.00.00 "Sectoral management and policy planning" by the amount referred to in Paragraph 1 of the Order for the resources from the grant from general revenue and provide appropriation in the category "Shares and other holding in the equity capital" for increasing the equity capital of the company.

[27 March 2020]

3. The Minister for Finance shall inform the Saeima of increasing the appropriations referred to in Paragraph 2 of the Order in accordance with the procedures specified in laws and regulations.

[27 March 2020]

4. [27 March 2020]

Prime Minister A. K. Kariņš

Minister for Transport T. Linkaits

Translation © 2020 Valsts valodas centrs (State Language Centre)

Document information
Title: Par valsts akciju sabiedrības "Latvijas gaisa satiksme" pamatkapitāla palielināšanu Status:
In force
in force
Issuer: Cabinet of Ministers Type: order Document number: 120Adoption: 25.03.2020.Entry into force: 25.03.2020.Theme: COVID-19Publication: Latvijas Vēstnesis, 60A, 25.03.2020. OP number: 2020/60A.7
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