EU – Baltic States, Financial Services, Funds, Investments, Latvia, Legislation, Markets and Companies

Latvia will have access to EUR 4.4 billion for the Cohesion Policy, EUR 1.2 billion of which will be invested into the transport sector. By preserving the total amount of investments scheduled for the transport sector, Latvia managed to keep the funding for rural road reconstruction, against which the European Commission initially objected.

The total amount of investments scheduled for the health sector, stipulating improvements of medical services in 775 medical facilities, was also preserved.

Director of the EU Funding Strategy Department, Edgars Sadris said that 26% of the Cohesion Policy funds will be allotted to transport, 14% – to environment protection, 12% – to education, 11% – to energy and energy efficiency, 11% – to research and innovations, 10% – to social integrity, 7% – to small and medium enterprises, 4% – to IT technologies.