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Latest business news

Latvia: Immigration law amendments
26th May 2014
Latvian parliament adopted amendments to the Immigration Law in Latvia on May 8th, 2014. The amendments will come into force on September 1, 2014. Changes refer to the minimum thresholds of the property that qualifies for temporary residence permit.

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News: Latvian – Lithuanian Cross Border Programme - 43 million assigned

Already EUR 43 million have been assigned for projects of the Latvia–Lithuania Cross Border Cooperation Programme.

The Public Relations Specialist, Laura Melne informs that so far EUR 43 million (LVL 30.2 million) have been assigned through three calls for proposals within the framework of the Latvia–Lithuania Cross Border Cooperation Programme co-financed by the European Union (EU) and directly aimed at promoting development of the regions of Latvia and Lithuania in many key areas of interest for citizens.

The total co-funding of the European Regional Development Fund (ERDF) assigned for the programme’s projects is EUR 60 million (LVL 42.1 million). Currently, the evaluation of 172 project applications received during the fourth call for proposals takes place, and a decision about them will be made by the Joint Monitoring and Steering Committee at the end of November.

At the moment, 74 cooperation projects are being implemented in the areas of business support, research, transport, environment, culture and social area.

To strengthen the cooperation between both countries, the annual event Latvia-Lithuania: ACHIEVEMENTS is organised under the Latvia-Lithuania Programme on 22 September, which is the Balts Unity Day, and it will be held in the border regions of Latvia and Lithuania, as well as in Rokiškis, in Lithuania.

As part of the event a bus tour will be organized from Riga and Vilnius to Rokiškis to visit the places where cooperation projects are implemented and to get acquainted with the relevant accomplishments along the way.

Whereas in Rokiškis, it will be possible to attend the Project Market at the Rokiškis Regional Museum including presentations of the project results, lectures about common topical issues for Latvia and Lithuania, demonstrations of common traditions and other activities, in which everyone interested is welcomed to participate.

At the same time, the Project Open Days will be held in all border regions of Latvia and Lithuania. During these days it will be possible to visit, for example, the marine navigation systems simulator in the Lithuanian Maritime Academy or go on a bicycle tour along the reconstructed route from Klaipėda to Liepāja, as well as to visit any of the 10 renewed crafts centres in Latvia and Lithuania and learn a craft.

WEB devoloper - Artis Zelmenis