Financing Agreement soon to enter into force

The Financial Agreement of the Latvia – Russia CBC Programme 2014-2020 will enter into force on 1 December 2018.  In practice this means that after this date the Managing Authority will be able to start contracting procedures for projects that will be financed within the Programme.

The Financial Agreement was previously signed by the European Commission, the Republic of Latvia and the Russian Federation on 29 December 2016 and ratified by the Russian Federation.

The total Programme budget is more than 27 MEUR.

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