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.

Latvia, just like many other EU member states, receives multiannual financial support through the EU financial instruments for implementation of the common policies by the EU. The support is aimed at the priorities set at the level of the EU and is adapted to the peculiarities of each member state’s sphere. The aim of the study is to evaluate the importance of the support, provided by the EU financial instruments, for the development of Latvian fishery sector. The analysis was made on the basis of the available data and their quality. As a result of the study, the author found out that in the planning periods of 2004 – 2006, 2007 – 2013 and 2014 – 2020, for the development of fishery sector in Latvia the support of several EU financial instruments was available. Development of fishery sector is significantly impacted by the availability of the financial support through the EU financial instruments and use thereof. Considering the dependence of the fishery sector on the sustainability principles coordinated at the level of EU, corresponding fishery possibilities, and considering the increase of global competitiveness in the world’s markets, the strengthening of fishery’s competitiveness plays a significant role in the facilitation of the Latvian economy.