Latvia has invested most available EU funds in projects

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In Latvia, 80.5% of the European Union (EU) funds available during this planning period have been invested in various projects, according to information compiled by the Ministry of Finance September 19.

The planning period for these EU funds runs from 2014 to 2020.

By August 1 this year, total investment project contracts of EU funds for €3.5 billion were concluded, representing 80.5% of the total amount of EU funds, or €4.4 billion. According to information provided by the FM, 1800 investment projects are being implemented for this amount.

The FM pointed out that by 18 August, 636 projects with total EU funds of €708.1 million have been completed, of which 262 projects have been completed this year in the fields of research, technological development and innovation, the transition to a low-carbon economy, social inclusion and the fight against poverty.

Financially largest payments have been in the fields of environmental protection and regional development, transport and education.

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