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Latvia is set to receive non-repayable financial support (grants) worth €1 969 million to implement its national recovery and resilience plan (NRRP), including for the REPowerEU chapter. These resources represent 0.3 % of the RRF, equal to 6.4 % of the country's gross domestic product (GDP) in 2019. Under the Recovery and Resilience Facility (RRF), the original plan had an initial value of €1 826 million. In June 2022, Latvia's grant allocation was increased by €9 million. In September 2023, Latvia ...

Latvia's climate action strategy

Briefing 19-12-2024

Latvia has an objective to reach climate neutrality by 2050 (see trajectory in Figure 1), with an intermediate 2030 target of a 65 % greenhouse gas (GHG) emissions reduction compared with 1990. Latvia accounts for 0.4 % of the EU's net GHG emissions. As its land use, land-use change and forestry (LULUCF) sector turned from carbon sink to source, despite improved LULUCF data in 2023, Latvia's net emissions were still 1.5 times above 2005 levels, compared with an average EU reduction of 30.5 % over ...

On 10 January 2022, Ϸվ's Committee on Budgetary Control (CONT) held a hearing on the partial renewal of members of the European Court of Auditors (ECA). Subsequently, CONT gave a favourable opinion on three candidates: Czech nominee Jan Gregor (renewal), Latvian nominee Mihails Kozlovs (renewal) and Slovenian nominee Kristijan Petrovič (new candidate). CONT gave an unfavourable opinion, however, on the renewal of Polish nominee Marek Opioła's mandate. A plenary vote is scheduled for the January ...

The Policy Department for Budgetary Affairs in the European Ϸվ (EP) is about to draw up an in-house briefing on national nomination procedures for Members of the European Court of Auditors (ECA). The purpose of the briefing is to provide relevant information to the Members of the Committee on Budgetary Control (CONT) ahead of hearings of Members-designate of the ECA (of which there will be 8 in the course of 2022). In order to develop a better understanding of the national procedures, we ...

On 1 December 2021, the Commission proposed a Council decision on emergency measures to help Latvia, Lithuania and Poland face the complex migratory situation at their respective borders with Belarus. The measures provide for an extension of the registration period for asylum applications; the application of the border asylum procedure to process all asylum claims; reception conditions covering only basic needs; and simplified and quicker national return procedures for rejected asylum-seekers. The ...

The EU's binding climate and energy legislation for 2030 requires Member States to adopt national energy and climate plans (NECPs) to cover the 2021-2030 period. In October 2020, the European Commission published an assessment for each NECP. Latvia submitted its NECP in November 2019. More than half (56 %) of Latvians expect national governments to tackle climate change. Latvia accounts for 0.3 % of total EU greenhouse gas (GHG) emissions and its emissions increased between 2005 and 2019, in contrast ...

This Briefing concerns a portfolio change in the European Commission in mid-mandate and takes the same format and approach as those Briefings published in September 2019 to give Members of the European Ϸվ an overview of major issues of interest in the context of the Hearings of the Commissioners-designate.

On the back of a number of high profile cases and alleged cases of money laundering, this briefing presents current initiatives and actions aiming at reinforcing the anti-money laundering supervisory and regulatory framework in the EU. This briefing first outlines (1) the EU supervisory architecture and the respective roles of European and national authorities in applying anti-money laundering legislation that have been further specified in the 5th AML Directive and (2) ways that have been proposed ...

This briefing, provided by Policy department A, discusses the Latvian banking system and its exposure to money laundering risks. It was prepared following the European Ϸվ’s Financial Crimes, Tax Evasion and Tax Avoidance Committee (TAX3) delegation visit to Latvia in August 2018.

The European Union Solidarity Fund (EUSF) supports EU Member States struck by natural disasters, through providing financial assistance to contribute to a rapid return to normal conditions. A budgetary proposal to mobilise the EUSF in order to help Latvia deal with damages caused by flooding is scheduled to be voted during the November I plenary session. The proposed amount to be allocated to Latvia from the EUSF is €17 730 519.