Latvia Stability Programme Report
27
EU FUNDS PLAYING KEY ROLE IN FUNDING STRUCTURAL
TRANSFORMATION IN LATVIA
Targeted EU funds investments contributes to the economic growth and raising standard of
living while addressing Latvia specific challenges
•
•
Targeted EU funds to mitigate effects of
the Covid-19 pandemic (2014-2020)
Reallocation of EU Funds was done in order
to mitigate the consequences of the
Covid-19 crisis
+ 230,3 million € of additional funding to
Latvia as part of European Commission's
proposal for Recovery Plan for Europe
(REACT-EU) was recieved and allocated
within multifund Operational Programme for
2014-2020
EU Funds After 2020
(EU Cohesion policy Programme
to be adopted by the end of 2022)
0,1%
4%
5%
19%
29%
5,0 billion €
24%
19%
Source: Ministry of Finance; Data on 31.05.2022
■ Smarter Europe 968 M €
■ Greener Europe 1175 M €
■Connected Europe 919 M €
■ Social Europe 1461 M €
■ Europe closer to citizens
263 M €
■ Just Transition Fund
investments 217 M €
■ Capacity building measures
(TA) 5 M €
More funding sources greater
opportunities
The Latvia's Cohesion policy allocation (2021-
2027) together with grant allocations from
new instruments (RRF, REACT EU, Just
Transition Fund of NextGen package).
~ 6,9 billion €View entire presentation