Home » Business » Last year, the CFLA paid 602.8 million euros from EU funds for the implementation of various projects

Last year, the CFLA paid 602.8 million euros from EU funds for the implementation of various projects

The Central Finance and Contracts Agency (CFLA) last year implemented various projects from European Union (EU) funds, € 602.8 million, according to the CFLA’s 2020 performance report.

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At the same time, the agency notes that in 2020, project implementers were paid 12% more than planned from EU funds.

In turn, during the last programming period of EU funds, which lasted from 2014 to the end of 2020, investments in the amount of 2.4 billion euros were made.

At the same time, in 2020, the announcement of selections in various EU funds programs continued – in 2020, a total of 19 new project application selections were announced for more than 192 million euros of the total EU funding.

Last year, 263 contracts were signed for 211 million euros.

CFLA Director Anita Krūmiņa admitted that last year, both in general and in the history of CFLA, will remain extraordinary, as the Covid-19 pandemic brought a number of changes in the planning and organization of work and personal life.

“The pandemic imposed various shorter and longer-term restrictions, requiring a change of mindset and radically adjusting daily habits and practices in the implementation and monitoring of fund projects. The CFLA managed all the necessary reorganization processes quickly, efficiently and efficiently. In Latvia, which was able to switch from full – time to remote access, ensuring absolutely all processes and the provision of services in absentia, “admitted Krūmiņa.

Within the institutional framework of the EU funds 2014-2020 programming period, the CFLA is the only co-operation institution.

Co-financing from EU funds ensures the implementation of projects in the fields of education, research and innovation, promotion of entrepreneurship, information and communication technologies, employment, environment, transport, labor mobility and social inclusion.

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