Budget, EU Regional Policy, EU – Baltic States, Funds, Latvia
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Thursday, 18.04.2024, 06:59
Latvia absorbs 66% of EU funding available in current programming period
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The
ministry’s representatives informed that 74 projects, which received 215 mln euros
in EU co-funding, have been completed already. These projects in have been
implemented in areas like increasing the energy efficiency of buildings, road
construction, development of business infrastructure and revitalization of
undeveloped territories.
The Finance
Ministry also informed that this year special attention would be paid to
supporting the entities implementing the EU-funded projects of the 2014-2020
programming period and improving the projects’ quality, as well as
strengthening financial discipline in order to reduce risks and make sure that
the investments are used in accordance with Latvia’s interests.
In July and
August this year, Latvia received 162.6 mln euros in final payments from the
European Regional Development Fund (ERDF) and the Cohesion Fund for the
projects implemented in the previous programming period 2007-2013.
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