EU – Baltic States, Financial Services, Funds, Latvia, Legislation

Hahn praised the absorption of the EU funds in Latvia during the previous planning period, and said that the country's plans for the next planning period also looked promising.

Although agreement is to be reached yet on some matters, it is clear already now that the partnership agreement is in line with the investment principles of the revised cohesion policy, he said. The plan's objectives include support for entrepreneurship, research and innovation, development of low carbon emissions economy, and sustainable transport, all of which is meant to improve Latvia's competitiveness, foster economic growth and create new jobs, added Hahn.

Latvia's "Growth and Employment" program for the 2014-2020 was submitted to the European Commission last month.