The cabinet decided to give responsibility for organizing the Expo presence to the Latvian Chamber of Commerce and Industry (LTRK). The government also instructed the LTRK to submit an estimate of expenditures for participation of Latvia in the exhibition by August 31.
Co-financing from the state budget should not exceed 270 000 euros this year, 2.4 million euros in 2019, 700 000 euros 2020 and 930,000 euros in 2021, the cabinet added.
However, LTRK head Jānis Endziņš told reporters that the Dubai organizers of Expo 2020 estimate that the Latvian pavilion will cost at least six million euros, though he expressed confidence the final amount would not be as high.
As previously reported by LSM, the government last December adopted a conceptual decision on Latvia's participation in the Expo 2020 Dubai Exhibition.
The international exhibition Expo 2020 Dubai will be held from 20 October 2020 to 10 April 2021 in Dubai, United Arab Emirates.
Latvia's history of participation in such Expo events is checkered. Latvia was due to participate in the 2015 Milan Expo but pulled out at the last minute amid spiraling costs and conflicts among the various groups responsible for running the stand.
In 2017 LTRK took responsibility for managing participation at the Astana Expo event in Kazakhstan.
Lithuania also plans to participate at the Dubai Expo, but Estonia has yet to make a final decision on the matter.