The Cabinet of Ministers has approved amendments to the procedure for granting state support for the promotion of agricultural and fisheries markets. The goal is to promote agriculture, fisheries, and the food industry, as well as to strengthen the value growth and export of products from these sectors.
For this purpose, one million euros of state funding is planned for 2025 from the budget sub-program “State support for agriculture and rural development” under the Ministry of Agriculture. These funds are allocated for the following market promotion activities:
- Organizing and participating in international exhibitions with joint stands representing the Latvian agricultural and food sector,
- Co-financing participation in international agricultural and food exhibitions abroad,
- Co-financing participation in joint stands, and
- Implementing a marketing program for the development of coastal fisheries.
The Rural Support Service will administer the activities receiving state financial support — it will accept and review applications, make decisions, and disburse the corresponding support funds. Meanwhile, participation in joint stands, considered a subsidized service, will be organized and administered by the Institute of Agricultural Resources and Economics.
Source of information: Ministry of Agriculture
