European Union funds and their influence on the regional development of Latvia
2009
Blumberga, S., Riga Technical Univ. (Latvia)
In the EU funds planning period 2004 - 2006 in total 1141.44 million Euros have been allocated to Latvian national economy. The most part of financing was assigned to the development of infrastructure, development of entrepreneurship and innovation and human resources. Analysing division of the Structural Funds allocation between the regions, most part of the Structural Funds financing of 2004 - 2006 - 49.52% from all the financing has been allocated to the Riga region. That points to unequal division because Riga region has three times bigger Gross Domestic Product then Latgale region. Direct link to the social economic indexes indicating the development of the region and attracted EU funds financing can be surveyed - most developed regions have received most important part of the financing and underdeveloped regions the smallest part. EU funds regional support has to be planned and there should be regional development policy in EU funds distribution. Possible means to endorse the development of the undeveloped regions of the country by support programmes include creating specific support programmes, giving larger aid intensity for projects from regions, consultation work in project development and implementation and other ways.
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