The European Commission announced it adopted an investment package for the Latvian fisheries and aquaculture sector. The package is worth about EUR 184 million (USD 217 million), including EUR 139 million (USD 164 million) of EU investments.
The program will enhance the sustainability and viability of the sector while also increasing aquaculture production and net profits for fishermen.
"Sustainability runs through the heart of this programme,” said Karmenu Vella, commissioner for Environment, Maritime Affairs and Fisheries. “With this investment, much needed jobs and growth can be created in the Latvian fishing industry. Latvia is the first country to have its programme adopted and I look forward to the other 26 following this example."
The program aligns with priorities defined in the European Maritime and Fisheries Fund Regulation (EMFF) and the reformed Common Fisheries Policy. It will also foster marketing and processing as vital parts of the fisheries industry.
