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Guidelines of industrial policy of latvia 2013-2020
Description of the policy/measure
There is no specific sector prioritized in the industrial policy but the overall stimulus is foreseen to be created for a competitive entrepreneurship. action lines topical to creative industries are oriented around improving access to finance (investment readiness, venture capitals, loans, micro credits, guarantees etc.), promoting export (entry into new markets, participation in fairs, exhibitions, certification costs, cluster initiatives), building innovation capacity (support to new products, technologies, innovation vouchers, competence centers, incubation and pre-incubation services), and also running very targeted trainings on different aspects and crucial pitfalls of business.
2005 Convention Monitoring Framework Goal(s)
Area(s) of Monitoring
Results achieved
In order to reach the defined aim set within the framework of modern industrial policy the following results are determined: the proportion of manufacturing industry shall reach 20% of the gross domestic product in 2020; in 2020 the increase of the productivity of manufacturing industry shall reach 40% in comparison to 2011; in 2020 the increase of manufacturing industry shall reach 60% in comparison to 2011; investments in research and development shall reach 1.5% of the gdp.
Financial resources allocated to the policy
On the basis of the performed analysis and conclusions the ministry of economics elaborates state intervention instruments that will be financed by the eu financial perspectives 2014-2020. the support to activities targeting creative industries amounts to eur 10 million.