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Absorption progress of EU Structural Funds within the competence of the Ministry of Economics

Absorption progress of EU Structural Funds within the competence of the Ministry of Economics. 14/06/2007. Financial absorption. In 2004-2006 all in all LVL 116.134 M from EU Structural Funds are available to the MoE State aid programmes for the private sector:

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Absorption progress of EU Structural Funds within the competence of the Ministry of Economics

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  1. Absorption progress of EU Structural Funds within the competence of the Ministry of Economics 14/06/2007

  2. Financial absorption • In 2004-2006 all in all LVL 116.134 M from EU Structural Funds are available to the MoE • State aid programmes for the private sector: Agreements signed in total with final beneficiaries for the amount of LVL 157.1 M, out of these: - EU Structural Funds LVL 99.56 M; - State budget funding LVL 57.5 M. Support provided to 771 commercial entity in Latvia. • Support measures for the public sector: Agreements signed in total for LVL 22.5 M, out of these: - EU Structural Funds LVL 16.42 M; - State budget funding LVL 6.08 M. Signed 44 agreements with municipalities, their commercial companies and public organisations.

  3. Expenditure in breakdown by support programmes(private sector, M LVL)

  4. Expenditure in breakdown by support measures(public sector, M LVL)

  5. Expenditure in breakdown by regions(private sector, %)

  6. Expenditure in breakdown by regions(public sector, %)

  7. Expenditure breakdown by sectors of national economy(private sector)

  8. Expenditure breakdown by sectors of national economy (private sector)

  9. Attracted national funding(result indicator) In total national co-funding attracted for LVL 128.019 M

  10. Attracted national funding against planned

  11. Number of approved projects in breakdown by aid schemes(output indicator)

  12. Programme demand(private sector, pcs)

  13. Aid disbursed(private sector, M LVL)

  14. Investments in fixed assets in 2005(co-funded from EU Structural Funds) *According to CSB data on total investments for acquisitions of fixed assets in breakdown by sectors of national economy

  15. Evaluation of efficiency of aid schemes and funding used has been started: • On the level of national economy – identifying project impact on indicators of national economy • On sectoral level – identifying project impact in breakdown by sectors • On project level – evaluating aid impact on business growth compared to situation before implementation of the project, and with average industry indicators Currently data are gathered on project indicators and sector indicators

  16. Brīvības iela 55, Riga, LV 1519Phone: 67013101Fax: 67280882E-mail: pasts@em.gov.lv Web site: www.em.gov.lv

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