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President of Latvia: Funding of Recovery plan for Europe must be invested wisely

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President of Latvia Egils Levits and Prime Minister Krišjānis Kariņš discussed the European Union (EU) post-pandemic recovery plan proposed by the European Commission and its impact on multiannual financial framework of the EU in a video call today. As announced earlier, Latvia will receive EUR 2.9 billion from the recovery fund.

President Levits underlined that smart investing into science and education would positively contribute to sustainable development of Latvia in the long run: ‘These investments should not be like a match that burns ‘for a few seconds’ and then goes out. Investments into science and education should ‘fuel’ sustainable growth over an extended period of time. That is the kind of support all ruling parties should consolidate around. That is what their election manifestos envisaged.’

Egils Levits and Krišjānis Kariņš also noted the tremendous progress achieved by Latvian companies and creative minds that developed an application to help people collectively and democratically contain the spread of COVID-19 virus.

President of Latvia also stressed the need to create Academy for Judges and Prosecutors. Its lifelong learning programmes would help practicing judges and prosecutors maintain their professional excellence throughout working life.


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