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Sunday, 29.03.2015, 16:40
Companies will have access to EUR 80 million for modernization purposes as part of the European Union's (EU) funding program for the period until 2020, the Economy Ministry informed LETA.
Keyword tags: EU – Baltic States, Funds, Good for Business, Investments, Latvia, Markets and Companies
In 2014, Latvia absorbed EUR 13.5 million available from the European Union's structural and cohesion funds for the 2014-2020 period, but this year the amount could exceed EUR 100 million, according to the Finance Ministry's estimates, cites LETA.
On Monday, 16 March 2015, Prime Minister Algirdas Butkevicius met with Rasa Budbergyte, Member of the European Court of Auditors, and was introduced to the annual report on implementation of the European Union budget, informs LETA/ELTA.
Utilization of the European Union's funds has once again got delayed, mostly due to too excessive bureaucracy, as Economy Minister Dana Reizniece-Ozola (Greens/Farmers) said in an interview with "Rietumu radio" yesterday, reports LETA.
The number of Lithuanians, who accumulate pensions in the second and third pillar pension funds, grew to record heights in 2014, reports LETA/ELTA.
Baltic Property Trust Secura A/S, which is currently in voluntary liquidation has completed the sale of its largest property – Europa shopping mall in Vilnius. The asset has been acquired by the Baltic Opportunity Fund, which is managed by Northern Horizon Capital. The value of the deal is not disclosed.
Latvia will have access to EUR 30 million of the European Union's funds in 2014-2020 for the purpose of improving the country's export performance, the Economy Ministry informed LETA.