EU assistance

On 17 July 2014 the European Commission has adopted the "Partnership Agreements" with the Baltic States (Latvia, Lithuania and Estonia) setting down the strategy for the optimal use of European Structural and Investment Funds to benefit the countries' regions and people.

In Lithuania €6.82 billion in total Cohesion Policy funding over 2014-2020 (current prices, including European Territorial Cooperation funding), €1.61 billion for rural development and €63 million to provide funding for the development of the maritime sector and implementation of the Common Fisheries Policy.

The EU investments will improve economic productivity in the Baltic States, promote innovation and R&D investments and contribute to the creation of a modern, sustainable and efficient transport system. They will contribute to a balanced territorial development and the creation of an environmentally-friendly and resource-efficient economy, aiming to create quality jobs and fight social exclusion. The investments will also enhance the quality of the education system and the effectiveness of public administration.

 

Last updated: 14-09-2015