Promotion of business in the regions deserving special support
2002
Ikselis, A. (University of Latvia, Riga (Latvia))
Latvia has essential territorial differences in socio-economic development. Therefore the task of the state is to realise such regional policy which decreases unfavourable territorial differences, facilitates balanced territorial development and increases the life quality of the inhabitants. The regions deserving special support have an important role in the implementation of regional policy. The state support from the specially established Regional Fund is mainly being given to the enterprises which are located in the regions deserving special support, sometimes - to local governments. Up to now the state support was more frequently given to the peasant farms and individual enterprises and occasionally to the stock companies, local governments etc. In the period from 1998 to 2000, interest payments for specific credits compile 82% from the usage of the Regional Fund. The directions of the application of the Regional Fund are not wide at present and they should be diversified.
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