Covid-19, Culture, Financial Services, Investments, Latvia, Markets and Companies

"Today is a happy day because finally, an agreement has been reached on concrete figures, which previously could only be discuss on the level of ideas," the minister said.

Puntulis indicated that EUR 32 million have been earmarked to help culture out of the crisis. "The government is working as a good team. We have managed to agree on a strategy. In this team, culture does not have orphan status, its needs are assessed on par with other industries," Puntulis said.

The minister said that the allocation would be spent on benefits, infrastructure and modernization - support to creativity. Puntulis underlined the importance of using the financing wisely so that it paid off in the long term. "This is a fairly decent sum, but there is a risk of spending it not quite meaningfully,"  the minister warned. 

Whether the money earmarked for infrastructure projects also includes funding for a new concert hall will become clear later, he said.