Assets of the European Union funds on the region development in Latvia
2010
Latviete, I., Latvia Univ. of Agriculture, Jelgava (Latvia)
Despite Latvia being a small country, it bears marked territorial or regional differences both between smaller administrative territorial units (local municipalities, republican cities and districts) and between larger territories – regions. From 2004 till 2008 Riga received 50% of all European Union (EU) funding. Latgale received the smallest part of financing (10%); the rest of the funding was split almost equally among Zemgale (12%), Vidzeme (12%) and Kurzeme (13%). As specific tasks for the development of specific territories or a balanced distribution of financing were not put forward for the strategy of acquiring funds, the fund investment has been attracted only to those territories where the yield could be the biggest or where the absorption capacity was the highest.
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