EUROPEAN COMMISSION APPROVED EU FUNDS INVESTMENT PROGRAMME FOR LITHUANIA 2014-2020
On September 8th this year European Commission have approved EU Funds Investment Programme prepared by Lithuania for the year 2014-2020, which covers three EU funds’ investments.
Approval of EU Funds Investment Programme for 2014-2020, allows ministries to complete detailed plans of all investments in their fields and announce the specified funding conditions.
Under the Lithuanian partnership agreement defining the implementation of European structural and investment funds for 2014-2020, three programmes are being developed:
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EU Funds Investment Programme for 2014-2020, which is intended to 6,709 milliard euros, of which 3,501 milliard euros from the European Regional Development Fund, 2,049 milliard euros – from the Cohesion Fund, 1,127 milliard euros – from the European Social Fund, another 31,8 million euros provided by the Youth Employment Initiative;
- Lithuanian Rural Development Programme for 2014-2020, which is intended to 1,613 milliard euros;
- Fishery Sector Actions Programme, which is intended to 63,4 million euros.
The main expected EU investments directions in Lithuania for 2014-2020 – innovation, research, stimulation of technological development, business competitiveness ,education, employment and povertyreduction, economic infrastructure, energy efficiency.
This is the third EU financial programming period for Lithuania. Programming period for 2014-2020 should ensure for Lithuania more innovation, technological development, strong and expanding international companies that will create more well-paid workplaces. It is also expected that the EU investments will contribute significantly to the greater energy security and better public, education, health and other services for citizens.
Source: Ministry of Finance