On Thursday, April 16, the European Parliament made a decision about amendments to Regulation 1304/2013 on European Union funds stipulating that a bigger than planned advance payment should be provided for the implementation of projects of the Youth Guarantee Scheme. Thus another important task of the Latvian Presidency of the Council of the European Union has been accomplished.
In Brussels, a decision has been signed on the provision of additional macro-financial assistance to Ukraine. Finance Minister Janis Reirs is satisfied because one of the priorities of the Latvian Presidency of the Council of the European Union (EU) has been achieved.
On Wednesday, April 8, the new Estonian government was approved. The duties of Finance Minister will be performed by Sven Sester, with whom Finance Minister Janis Reirs has had good cooperation for several years.
Riga, 31 March 2015. – On 31 March, an informal meeting of Directors General responsible for Cohesion Policy took place in Riga under the Latvian Presidency. During the meeting experts discussed the most important pre-conditions for achieving the Cohesion Policy goals, in particular, enhanced use of financial instruments and the building of administrative capacity.
Brussels, 31 March 2015. – On Monday, 30 March, in Brussels Latvian Minister for Finance Janis Reirs as a minister of the presiding country represented the Council of the European Union for the first time during the Latvian Presidency leading the political trialogue on the EU budget between the Council of the EU, the European Commission (EC) and the European Parliament (EP).
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 instruments in Cohesion Policy, as well as the building of administrative capacity in the planning, implementation and monitoring of the European Union funds.
On Friday, March 27, Finance Minister Janis Reirs met French Finance Minister Michel Sapin. Both ministers talked about such topics as growth promotion measures in Europe, fight against the tax optimization and financing of terrorism, as well as the situation in the euro area and negotiations with Greece.
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.
Brussels, March 9, 2015. – On Monday, March 9, Finance Minister Janis Reirs with a speech opened the first European Financial Week. The aim of the event is to promote wholesome financial education in schools across Europe.
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