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Saturday 23.09.2017 | Name days: Vanda, Veneranda, Venija

Baltic States to exchange thoughts on the EU fund planning experience

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Аuthor: Evija Trifanova/LETAOn Monday, April 8, finance ministers of Latvia, Estonia and Lithuania will meet in order to discuss their experience in the planning of the next European Union fund period of 2014 – 2020.

Latvia has defined its development strategy in the National Development plan for 2014 – 2020. This plan includes the priorities for finances provided by EU funds. Latvia needs to decide which measures benefit employment, competitiveness, energy efficiency, entrepreneurship and export the most. Latvia also needs to secure easy access to EU funding and all involved projects bring desired results, as Finance Ministry reports.

Currently, Latvia, Lithuania and Estonia are preparing their EU fund 2014 – 2020 planning documents – the Partnership agreement and the Action program. The planning document development process involves consultancies with representatives of the European Commission. The upcoming meeting of Baltic representatives will allow Latvia to prepare for the planning period more carefully and ensure that the EU fund related projects contribute to the country’s and residents’ welfare, the ministry emphasizes.

It should be noted that more than 5 000 projects received the support of EU funds in the period of 2007 – 2013. The projects realized in that period helped improve public infrastructure, including the state of roads, kindergartens, schools and hospitals. Education events of the State Employment Agency have helped unemployed persons learn new skills and find jobs.

In financial terms, the total available funds for Latvia estimated at 3.2 billion LVL. 94.4% of this amount was used or attracted for EU supported projects.

Ref: 102.109.109.6899


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