According to the decision of Council of European Union on the EU’s multiannual financial framework 2014 – 2020, Latvia has received EUR 4.4 billion. (€ 4,418,233,214) Cohesion policy objectives for the implementation of the EU funds ((ERDF – European Regional Development Fund ESF – European Social Fund and the Cohesion Fund – Cohesion Fund) through.
Operational program “Growth and Employment” in 2014 – 2020 programming period has set objectives by investing EU Funds for increasing and maintaining its positive impact on the economic development of the Latvian economy in the coming years.
Investments of JSC Olainfarm, which are co-financed from EU funds, have created a significant stimulus to economic activity, and it is expected that the positive effect will also continue in the upcoming years. JSC Olainfarm is actively using the opportunities offered by the EU funds and will continue allocate investments in research, innovation and technology.
Since 2013 JSC Olainfarm is implementing investment project “Starting the production of new products and increase of exportability of JSC Olainfarm, which is planned to introduce new products, while significantly changing the number of manufacturing processes and increasing the production efficiency. Realizing investment projects planned until 2017, as a whole by investing 32.66 million euro of JSC Olainfarm plans to receive a corporate income tax credit for the supported investment project carried out by the original long-term investment.