The National Reform Program of Latvia for the implementation of EU 2020 Strategy

The Ministry of Economy
Key objectives of the measure:

The National Reform Program of Latvia for the impementation of EU 2020 Strategy is the medium-term macroeconomic scenario of Latvia, including the information about the possible GDP, it reflects the main macrostructural challenges (obstacles) of the Latvian economy and the main activities to eliminate them from 2011 until 2013, as well as the quantitaive goals until 2020 within the framework of EU 2020 and the main actions in order to achieve these goals from 2011 until 2013. It includes under the main policy directions and activities in order to foster the export potential and the competitiveness of Latvia the goal to develop ICT and to implement the digital common market. It requires the improvement of ICT infrastructure and services in order to provide wide access to the digital content and services of culture. The National Reform Program stipulates amongst others the  arrangement of cultural environment by forming national and regional multifunctional centres. The National Reform program was adopted by the Cabinet of Ministers in 2011.

Main feature of the measure:

In the current period until 2013, the National Reform Program is being implemented within the framework of available State budget and within the financing from the EU Structural funds.

Challenges identified in the implementation of this measure:

Excessive reducion of budget deficit; well functioning and stable securing of financial sector, taking into account a high indebtedness of private sector; ensuring a balanced development of economy, fostering the development of selling sectors and increasing productivity; reduction of structural unemployment, providing a better conformity of qualification and skills with the needs of labour market; improvement of entrepreneurship environment, effective use of EU funds, providing access to finance for entreprises with the aim to support productive investments.

Main conclusions of the evaluation of the measure:

According to the Progress Report on the implementation of the National Reform Program, the indicators reflected in the Report do not concern culture, they are macroeconomic indicators.

Indicators used to determine impact:
GDP (in million EUR): 2010 (18121,7); 2011 (19089,2); 2012 (20105,0); 2013 (21318,7); 2014 - 22616,7; 2015 - 23973,7. Increase of current prices (%): 2010 (-2,7); 2011 (5,3); 2012 (5,3); 2013 (6,0); 2014 (6,1); 2015 (6,0). Increase of comparable prices (%): 2010 (-0,3); 2011 (3,3); 2012 (4,0); 2013 (4,0); 2014 (4,0); 2015 (4,0). Employment (thousand inhabitants): 2010 (940,9); 2011 (955,1); 2012 (967,0); 2013 (980,4); 2014 (993,8); 2015 (1007,3). Export of goods and services (in million EUR): 2010 (9671,6); 2011 (10474,0); 2012 (11222,0); 2013 (12017,8); 2014 (12867,7); 2015 (13777,6). Import of goods and services (in million EUR): 2010 (9822,6); 2011 (10838,5); 2012 (11721,4); 2013 (12685,7); 2014 (13732,9); 2015 (14866,5).