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Since 20-03-2009: 299814
Last update 01-09-2010
EU Funds 
General Information
General Information
Programming Period 2007-2013
Latvia as the Member State of the European Union (EU) implementing the EU regional policy uses financial assistance provided by the EU for economic and social development. Largest financial instruments within the framework of which Latvia receives financial assistance are the EU funds: European Regional Development Fund (ERDF), European Social Fund (ESF) and Cohesion Fund (CF), the management of which in Latvia is ensured by the Ministry of Finance. In addition, Latvia also receives financial resources within the framework of the European Community initiatives EQUAL and INTERREG, as well as other EU financed programmes. In the programming period 2007-2013 the assistance to agriculture and fisheries sectors is coordinated by the Ministry of Agriculture by means of administrating European Agricultural Guidance and Guarantee Fund (EAGGF) and European Agricultural Fund for Rural Development (EAFRD).1
According to the decision of the Council of the EU on long-term financial framework for 2007 - 2013, Latvia has received EUR 4.53 billion (EUR 4'530'447'634) for achievement of Cohesion Policy2 goals through acquisition of the EU funds (ERDF, ESF and CF)3 (see also section EU funding).
Key national medium-term programming document for 2007-2013 is the National Strategic Reference Framework prescribing common EU fund acquisition strategy, but programming documents are made of three Operational Programmes and Operational Programme Complements with the help of which EU fund investments are managed in Latvia.
In Latvia, the EU fund management in the legislative system is regulated by the Law On Management of European Union Structural Funds and the Cohesion Fund and Regulations No.419 of the Cabinet of Ministers adopted on 26.06.2007 "Procedures, by which Institutions Involved in the Management of European Union Structural Funds and the Cohesion Fund Ensure the Preparation of Planning Documents and the Implementation of Such Funds".
In the programming period 2007-2013 the EU fund assistance is mainly directed to public education, technological distinction and flexibility of enterprises, as well as development of science and research to facilitate knowledge-based national economy and strengthen other pre-conditions for sustainable economic development and living conditions in Latvia in general (to achieve average development indicators in the EU Latvia through acquisition of the EU funds has to implement national development strategy prescribed in the National Development Plan.4 Priority of the national development strategy is educated, creative and enterprising man, but the key goal is national economy based on education, science and competitive enterprises).
You can learn more about this topic in the following section:
On this site www.esfondi.lv you can find information about the EU funds planning, management, monitoring, evaluation in the programming period 2007-2013, as well as legislative acts regulating the EU funds management in Latvia and other relevant information about issues under the competence of the Ministry of Finance as the Managing Authority of the European Union funds.
1 Information about the programming period 2004-2006 will be available in the section 2004-2006.
2 EU Cohesion Policy is a common EU policy with the key objective to reduce significant social and economic disparity between different regions and improve situation in less developed countries).
3 The concept "EU funds" in this site is used only in the context of funds administered by the Ministry of Finance (ERDF, ESF and CF).
4 More detailed information about the National Development Plan (NDP) is available on the NDP home page www.nap.lv.
Information in this page was updated in 01.07.2009.
