Riga, 30 March 2015. – On 30-31 March, within the framework of Latvian Presidency, an informal meeting of Directors General responsible for Cohesion Policy will take place in Riga. Participants of the meeting will discuss the use of financial mechanisms in Cohesion Policy, as well as the building of administrative capacity in the planning, implementation and monitoring of the European Union funds.
The European Investment Bank (EIB) is establishing a new EUR 200 million loan facility for Latvia to support investments in energy, sustainable transport infrastructure and other fields including for the first time also in rural development. The loan agreement, signed today, March 17, by EIB Vice-President Pim van Ballekom and Minister of Finance of Latvia Janis Reirs, will help Latvia to successfully absorb EU structural funds over the period 2014–2020.
Brussels, March 10, 2015. – On Tuesday, March 10, already the third meeting of the Economic and Financial Affairs Council (ECOFIN) was held under the Latvian Presidency and chaired by Finance Minister Janis Reirs. During the meeting, an overall agreement was achieved on the proposed regulation on the European Fund for Strategic Investment (EFSI) or EFSI regulation.