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Latvia's revised EU Recovery and Resilience Facility at EUR 1.82 billion

On Tuesday, April 20, the government approved changes to the Latvian plan of the European Union's Recovery and Resilience Facility, increasing funding from €1.65 to €1.82 billion for various purposes.

The Ministry of Finance said that the changes also include proposals from social partners. They intend to exclude the aid measure for biomethane consumption, but to increase support for energy efficiency measures.

The Ministry said that all proposals from the social partners could not be taken into account, but the envisaged support for the private sector was significantly increased.

Merchants will have €643 million available, which is 40% more than originally planned.

It has also strengthened, for example, the elements of social resilience, climate ambitions and the greatest emphasis on the priorities of the National Industrial Policy.

As reported, up to EUR 2 billion are available for Latvia under the EU Recovery and Resilience Plan in the form of grants until 2026.

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