The ministry of economics and organizations has elaborated a new programme for the development of small- and medium-sized enterprises (SMEs).
The objective of the programme submitted to the government is to increase business activity, especially in territories where the index of social economical development is low, to raise the competitiveness and development of SMEs and to promote an increase in added value of production of the companies.
From 2004 to 2006, LVL 150 million will be given to support businesses. LVL 107 million of that is EU finance; LVL 46 million comes from the Latvian state budget.
Distribution of the finance within the programme:
2004 LVL 11.96 million
2005 LVL 54.47 million
2006 LVL 57.28 million
