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Friday 09.12.2016 | Name days: Sarmīte, Tabita
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Latvia third in the EU in terms of received interim fund payments

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RULatvia can be proud of having 3rd place among European Union member states that receive interim payments from the European Commission for investments and projects, as reported by Finance Ministry.

With that, it can be said that Latvia secures quick and successful introduction of a new EU fund period. In previous months, Latvia was on 4th to 6th place, as mentioned in Finance Ministry’s monthly informative reports about the status of investments from EU structure funds.

Requirements of the Cabinet of Ministers for the allocation of 80.7% of the total funding amount from EU funds were approved by 15 November. So far the Central Finance and Contracting Agency has approved 156 project proposals. The total approved funding exceeds EUR 1.5 billion.

If the remaining strategic decisions on investments into healthcare and railway electrification before the end of 2016, the government’s goal to approve Cabinet of Ministers requirements for EU investments worth at least EUR 4 billion for 2014-2020 planning period will be met, said Finance Minister Dana Reizniece-Ozola.

During a meeting of the Cabinet of Ministers in Liepaja, the minister especially mentioned the city’s activity in introduction of EU funds and called for a continuation of successful efforts. In the 2007-2013 planning period, Liepaja had realized 422 projects in transport, environmental, culture and business fields using EU funding worth a total of EUR 246.9 million, which is equal to 5.3% of EU’s funding provided to Latvia. The extended project in Liepaja Airport has been concluded with successful acquisition of international flights certificate. In the new planning period, it is planned that Liepaja will be provided with funding worth a total of EUR 24.9 million.

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