bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Tuesday 26.03.2019 | Name days: Eiženija, Ženija
LatviaLatvia

Latvian government to attract EUR 29.5 million to restore Latgale’s degraded territories

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUOn Tuesday, 18 September, Latvia’s Cabinet of Ministers supported the action plan for Latgale region’s economic growth 2018-2021, which provides for attracting of EUR 29.5 million to help restore the region’s degraded territories.

The goal of this action plan is ensuring reduced regional difference and increasing Latgale region’s economic activity, as well as creating new jobs and bettering welfare for local residents. As explained by Environment Protection and Regional Development Ministry, considering the still topical differences with the region’s development rate, including the problem of high unemployment, the plan focuses on activities aimed at ensuring development for the region’s economy.

To ensure development of Latgale region, the ministry intends to divert another EUR 29.5 million from European Regional Development Fund to help revitalize the region’s degraded territories. It is also planned to expand support mechanisms in special economic zones in Latgale, providing tax benefits for paid wages in new jobs. It is also planned to raise Latgale’s business centre’s capacity, as well as form a pilot project in Daugavpils for adoption of business support mechanisms.

According to action plan for Latgale region’s growth, it is planned to realize project ideas worth EUR 52.24 million in the third project selection stage in order to create 861 new jobs, attract non-finance investments worth EUR 60.67 million, as well as reduce the size of degraded territories by 124.97 ha.

However, according to the ministry, considering the state of Latgale’s socio-economic situation and the highest unemployment level in Latvia, it is necessary to consider allocating additional funding in order to reach 1% impact on unemployment reduction. In order to achieve this index, it is necessary to create 1,345 new jobs, which means the total required funding for the third project selection stage will be EUR 81.75 million. With that, it is planned to request another EUR 29.5 million from the European Regional Development Fund. The ministry notes that at least EUR 33.55 million will be required on top of that.

According to information from the ministry, eleven projects were submitted to Latgale region as of 1 January. Contracts for realization have been signed for five of them, reserving a total of EUR 41.36 million. As part of the submitted and approved projects, it is planned to create 921 new jobs in the private sector, attract non-finance investments worth at least EUR 57.87 million and revitalize degraded territories in a total area of 131 ha.

Activities meant to expand the capacity of Latgale’s business centre provide for hiring a business specialist, organize visits of NGOs to foreign countries to represent the municipality and businesses and participate in forums, develop an investment catalogue for the region, as well as other activities.

The action plan for Latgale’s economic growth 2018-2021 is a continuation of the previous action plans, which were developed to react to Latgale’s lasting negative socio-economic problems, such as high unemployment and low GDP per capita.


Leave a reply

Europe to abolish summer and winter time

On Tuesday, 26 March, members of the European Parliament voted in favour of the proposal to abolish summer and winter time starting with 2021, as reported by EP press-secretary in Latvia Signe Znotiņa-Znota.

Latvian parties organize candidate lists for upcoming European Parliament elections

In the European Parliament elections coming this May, Latvian Russians Union with Tatyana Zhdanok at the helm will start with Nr. 1 in Latvia. New Unity with Valdis Dombrovskis as the helm will be the last party among all submitted candidate lists.

Latvian State Roads: country’s roads suffer from fewer potholes than before

Fewer potholes have been noted on state roads in Latvia this year when compared to a year prior, said Latvian State Roads board chairman Jānis Lange in an interview to LTV programme Rīta Panorāma on Tuesday, 26 March.

Chances of molten salt nuclear reactor to be considered in Estonia

Estonia's energy company Fermi Energia and Moltex Energy, a British-Canadian firm, which is pushing for the implemetation of the salt nuclear reactor technology, have agreed to look into the feasibility and chances to licence a molten salt nuclear reactor in the Baltic country.

Allowance for invalids in Latvia suffering from motor disorders to be increased by EUR 100

Starting from 1 July 2019, allowances for children and adults suffering from severe motor disorders since childhood and who require special care will be increased by EUR 100, as provided by amendments to the Law on State Social Allowances approved in the final reading by Saeima’s Budget and Finance Committee.

Estonian coalition far from agreed on by centrists, anti-abortionists

As the coalition-building talks in Estonia continue between the ruling Centre Party, the Conservative People's Party of Estonia, which stands against migrants and abortions and national conservative Isamaa, no breakthrough is in sight.

Latvian television company employee fired after Russia Today incident

Latvian Television employee Harijs Lavkinaitis has been fired from his job because of the interview to Russia Today shown in LTV News Service’s studio, LTV board member Ivars Priede told Saeima Human Rights and Public Affairs Committee during a meeting.

Latvian Saeima to study Estonia’s experience with packaging deposit system

Saeima’s National Economy Committee and Environment and Climate Sub-Committee plan to hold a joint meeting on Wednesday, 27 March, to discuss Estonia’s experience and principles in the implementation of a beverage packaging deposit system, BNN was told by Saeima’s press-service.

Facebook, YouTube sued for spreading videos of New Zealand shootings

U.S. social media platforms Facebook and YouTube have been sued by a French Muslim organisation blaming them of inciting violence by allowing the streaming of footage of the recent New Zealand massacre online.

Latvian ministry urges development of voluntary fire-fighting organizations

To assist with development of voluntary fire-fighting organizations and municipal fire-fighting services, it is planned to implement a pilot project in which five voluntary fore-fighting teams will be picked from different regions to receive training and later assist with putting out less serious fires and participate in preventive measures in a specific region, as reported by Latvia’s Interior Affairs Ministry.

UK Parliament takes control of Brexit decisions to find way forward

The Parliament of the United Kingdom has reached an opposition majority to seek a parliamentary consensus on a Brexit option, however, British Prime Minister Theresa May has warned she does not promise her government would abide by the majority decision of the members of parliament.

Latvia's MPC abolishment plan includes plans A, B and C; more information to come later

Latvia’s Economy Ministry has completed Saeima’s given order and has prepared amendments to regulations for abolishment of electricity procurement component as early as the end of March 2019, as confirmed by Economy Minister Ralfs Nemiro after a coalition meeting.

Latvian State Revenue Service director says new cash register reform may be needed

The possibility of a new cash register reform cannot be excluded if it turns out new requirements have become outdated and no longer applicable to the actual market situation, says the head of Latvia’s State Revenue Service Ieva Jaunzeme.

Latvia’s Finance Minister says state budget cannot afford more funding requests

Latvia’s 2019 budget does not have sufficient money to afford allocating financing for additional requests submitted by Saeima deputies, said Finance Minister Jānis Reirs after an extraordinary meeting of the government.

Association: deposit system should receive support from the Latvia or EU funds

Beverage packaging deposit system’s introduction in Latvia should be supported financially by either the state or European Union funds, says chairperson of Latvian Federation of Food Companies Ināra Šure.

Poland to launch Vilnius TV channel for Lithuania Poles

Poland's state television TVP plans to introduce a new television channel aimed specifically at the Polish minority population in Lithuania.

Council of Sworn Bailiffs of Latvia appoints new chairperson

A new council has been elected during a meeting of the Council of Sworn Bailiffs of Latvia. The new chairperson of the council is Zemgale Regional Court’s sworn bailiff Iveta Kruka. Until now she was deputy chairperson of the council, BNN was told by the council’s public relations consultant Jānis Basevičs.

Latvian Cabinet of Ministers refuses to allocate additional funds in 2019 budget

During an open meeting on Monday, 25 March, Latvia’s Cabinet of Ministers refused to allocate additional finances in the 2019 budget. At the same time, members of the government accepted several proposals that clarify the order in which finances are allocated.

Ideas to reform second pension pillar criticised in Estonia

As Estonian politicians involved in coalition-building are discussing the possibility of making the country's second pillar pension funds voluntary or dismantling them altogether, public figures have published an open letter against the ideas.

Latvian state auditor: benefit from cash register reform was dubious

The country’s benefits from the cash register reform are unclear, said Latvian State Auditor Elita Krūmiņa in an interview to LNT programme 900 seconds on Monday, 25 March.

Minister: MPC abolishment in Latvia may help reduce electricity bills by 20% in 2020

Once the mandatory procurement component system has been abolished, Latvian residents’ electricity bills in 2020 may reduce by 20%, says Latvia’s Economy Minister Ralfs Nemiro.

U.S. investigators: Trump campaign in no collusion with Russia in 2016 election

Following an exonerating result of the U.S. federal investigation into alleged collusion by his pre-election campaign with Russia, U.S. President Donald Trump has expressed satisfaction with the end of the two-year investigation.

Monitoring of problematic banks: Europe has zero tolerance for money laundering

Europe has a zero tolerance level towards money laundering. Because of that, banks have to be very careful with their reputation, says chairperson of European Single Resolution Board, which is responsible for supervising problematic banks, Elke König.

One million Britons demand second Brexit referendum in protest

A mass march supporting a second Brexit referendum has been held in London, where, according to its organisers, over one million people have taken part.

Air temperature to reach +15° C in Latvia this week

Cyclone activity will bring precipitation to Latvia at the beginning of the week. In the second half of the week air temperature will stay firmly above 0° C, reaching a maximum of +15° C, as reported by Latvian State Environment, Geology and Meteorology Centre.