Riga, 9 June 2015 – On 9 June, the first session of the informal meeting of Ministers responsible for Cohesion Policy, Territorial Cohesion and Urban Matters took place in Riga. During the meeting, chaired by the Latvian Finance Minister, Jānis Reirs, the EU Ministers discussed how to use financial instruments more actively in the new EU funds programming period and how to strengthen good governance so that the resources invested from EU funds would be of the greatest possible benefit to the economic development of the Member States.
On 9 June, Latvian Finance Minister Jānis Reirs will lead the most important cohesion policy event during the Latvian Presidency – the informal meeting of Ministers responsible for Cohesion Policy. During the meeting, the Ministers will discuss the reformed cohesion policy issues related to more intensive use of financial instruments and the strengthening of administrative capacity. These are a couple of the most essential preconditions to succeed in the new EU funds programming period 2014-2020.
On 1-3 June, under the Latvian Presidency, an away day for the Committee of the European Social Fund (ESF) organised by the European Commission (EC) took place in Riga. At the meeting, state administration bodies from the EU Member States together with social partners discussed topical issues related to ESF implementation in each Member State.
EFSI: Last minor details agreed 31/01/2018
Today`s political trilogue on the EFSI regulation was productive and it was the last one. During the meeting, the last minor political issues were resolved on the proposed regulation on the European Fund for Strategic Investment (EFSI).
On 4-5 June under the Latvian Presidency the meeting of the Council’s Working Party on the Customs Union will take place in Riga. Participants of the meeting will discuss topical issues of the customs policy and possibilities to facilitate further cooperation with the Eastern neighbouring countries of the European Union.
On May 29, 2015, Standard & Poor’s Ratings Services affirmed its 'A-' long and short-term foreign and local currency sovereign credit ratings on Latvia. The outlook is stable.
Latvian Presidency and the European Parliament on 28 May 2015 after lengthy discussions over 12,5 hours, turning to be the longest trialogue in the ECOFIN history, reached a provisional agreement on a regulation on a European fund for strategic investments (EFSI).
The European Union and Switzerland on 27 May 2015 signed an agreement on the automatic exchange of financial account information, aimed at improving international tax compliance.
On Friday, May 15, the international credit rating agency Fitch Ratings has affirmed Latvia's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'A-'. The outlook is stable.
On 12 May, Latvian Finance Minister Jānis Reirs chaired the Meeting of the Economic and Financial Affairs Council where Ministers debated macroeconomic imbalances and structural reforms, sustainability of public finances and Investment Plan for Europe.
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