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

International Internet Magazine. Baltic States news & analytics Friday, 22.09.2017, 09:18

EU-funded projects worth more than EUR 2 mln approved in Latvia so far

BC, Riga, 13.09.2017.Print version
EU-funded projects worth more than EUR 2 billion in total had been approved in Latvia by August 2017, which is more than 45 percent of the EUR 4.4 billion EU funding envelope available to Latvia in the current programming period, representatives of the Finance Ministry informed the government on September 12th, cites LETA.

The Finance Ministry said that the Cabinet of Ministers has yet to decide on regulations that would ensure access to EUR 73.5 million worth of EU investment support. The Education and Science Ministry, for instance, has been delaying work on regulations allowing to provide EUR 28.9 million worth of innovation grants to students and EUR 17 million for ensuring a better governance of higher education institutions.


Despite the Finance Ministry's requests to carefully analyze the situation and take resolute steps to meet the deadlines for the absorption of EU funds, the Education and Science Ministry's progress information suggests that further delays are likely in the absorption of EU funding worth EUR 9.2 million, meant for the reduction of study programs' fragmentation and promoting resource sharing.


The Education and Science Ministry explained the delays, saying that it has been busy working on a new teacher training system necessary to ensure competence-based education in Latvia.






Search site