1. Indicators achieved for EU Structural Funds activities by 31 December 2007 Andris Liepiņš State Undersecretary 18 June 2008

2. Priority 1 Result indicators  Activity 1.1.4 "Improvement of heat supply systems" A part of inadequate regional heating systems is improved– 1% (the value indicated in the PC – 10% of 150-200 systems) Explanation: by 15 May 11 projects have been completed, 22 are still being implemented (for a part of them construction works have been finished). The indicator will be achieved.  Activity 1.1.5 "Efficient use of cultural and historical heritage in tourism development" The average daily expenditure of one tourist – n/a (10% increase from EUR 40/per day) Explanation: since the tourism sector is developing rapidly in Latvia, it is forecasted that after implementation of projects the average daily expenditure of one tourist will increase by 10%

3. Priority 1 Impact indicators  No additional impact indicator is envisaged for the activity 1.1.4 in the PC  Activity 1.1.5 "Efficient use of cultural and historical heritage in tourism development" Increase in annual number of people visiting the restored cultural monuments and sightseeing sites – n/a (the value indicated in the PC – 20% increase) Explanation: since the tourism sector is developing rapidly in Latvia, it is forecasted that after implementation of projects the number of people visiting the restored cultural monuments and sightseeing sites will increase by 20%

4. Priority 2, Measure 2.1 Result indicators  2.1 "Support to development of innovations" Developed test models – 20 or 17% of planned results (the value indicated in the PC – 115, planned progress – 39%) Increase in private-sector investments in research and development measures – LVL 1.63 M or 7% of planned results (the value indicated in the PC – LVL 19 M, planned progress – 28%) Explanation: the funding not used for this activity was transferred to other activities.

5. Priority 2, Measure 2.1 Impact indicators  2.1 "Support to development of innovations" The amount of private funding for research and development – n/a (the value indicated in the PC – 0.9% of the GDP, the indicator of 2006 was 0.37% of the GDP) Explanation: indicators of 2007 will be available at the end of 2008.

6. Priority 2, Measure 2.2 Result indicators  2.2 "Development of business infrastructure" Increase in private investments in the infrastructure – LVL 65.68 M or 240% of planned results (the value indicated in the PC – LVL 27.4 M) Infrastructure projects to modernise production processes and products in compliance with market standards and requirements – 166 or 1107% of planned results (the value indicated in the PC – 15) Completed infrastructure investment projects for developing structures of common use – 9 or 90% of planned results (the value indicated in the PC – 10, planned progress – 100%) Completed infrastructure investment projects for provision of access to public networks – 13 or 55% of planned results (the value indicated in the PC – 31, planned progress – 87%) Explanation: the available funding initially specified in the PC has been increased by redistributing the funding from other activities.

7. Priority 2, Measure 2.2 Impact indicators  2.2 "Development of business infrastructure" Increase in net productivity in the supported enterprises – n/a (the value indicated in the PC – 30%) Number of created or safeguarded jobs after 5 years – n/a (the value indicated in the PC – 4570) Explanation: insufficient amount of time has passed after completion of projects to be able to identify the achieved indicator values.

8. Priority 2, Measure 2.3 Result indicators  2.3 "Reinforcement of support measures for small and medium enterprises" Private-sector expenditure for consultations and participation in trade exhibitions – LVL 4 M or 33% of planned results (the value indicated in the PC – LVL 12 M, planned progress – 60%) Explanation: the indicator set in the PC will not be achieved, because part of the funding for this activity was redistributed to other activities. Number of professional associations, small and medium enterprises receiving financial aid for participation in international fairs and exhibitions – 81 or 28% of planned results (the value indicated in the PC – 290, planned progress – 146%) Explanation: Acceptance of project applications continued until 31 December 2007. Number of professional associations, small and medium enterprises (SMEs) receiving financial aid to use external consultation services and exchange of experience – 280 or 48% of planned results (the value indicated in the PC – 580, planned progress – 52%) Explanation: the indicator initially set in the PC will not be achieved, because the total available funding has been reduced by redistributing it to other activities.

9. Priority 2, Measure 2.3 Impact indicators  2.3 "Reinforcement of support measures for small and medium enterprises" Increase in net export of enterprises benefiting 2 years after the receipt of aid – n/a (the value indicated in the PC – 1%) Explanation: insufficient amount of time has passed after completion of projects to be able to identify the achieved indicator values. Safeguarded or created jobs – 37 or 7.1% of planned results (the value indicated in the PC – 550) Explanation: it must be taken into account that numerically most of the projects are still being implemented.

10. Priority 2, Measure 2.4 Result indicators  2.4 "Access to funding for small and medium enterprises" Granted loans including micro-credits – 206 or 34% of planned results (the value indicated in the PC – 600, planned progress – 44%) Increase in the amount of funding additionally attracted by the financial sector – LVL 10.3 M or 100% of planned results (the value indicated in the PC – LVL 10.3 M amounting to 50% of total sum of project funding) Granted loan guarantees – 169 or 48% of planned results (the value indicated in the PC – 350, planned progress – 73%) Amount of granted loan guarantees – LVL 14.25 M or 51% of planned results (the value indicated in the PC – LVL 28.11 M, planned progress – 85%) Venture capital investments made – 15 or 27% of planned results (the value indicated in the PC – 55, planned progress – 63%) Additional private-sector venture capital investments – LVL 11.8 M or 223% of planned results (the value indicated in the PC – LVL 5.3 M) Explanation: in the 2nd half of 2007 and in 2008 the demand for financial instruments continued to grow rapidly.

11. Priority 2, Measure 2.4 Impact indicators  2.4 "Access to funding for small and medium enterprises" Safeguarded or created jobs – 48 or 1.63% of planned results (the value indicated in the PC – 2940) Explanation: it must be taken into account that numerically most of the projects are still being implemented.

12. Priority 3 Result indicators  3.1 "Promotion of employment" Number of supported projects – 152 or 51% of planned results (the value indicated in the PC – 300, planned progress – 60%) Explanation: the indicator initially set in the PC will not be achieved, because the total available funding was reduced by redistributing it to other activities. Trained people – 1688 or 187% of planned results (the value indicated in the national programme – 900) Explanation: National programme 3.1.1.2 Promotion of retraining and retaining qualification of employees by provision of sector-oriented training Trained people – 978 or 98% of planned results (the value indicated in the national programme – 1000) People who have started business or become self-employed after training – 144 or 50% of planned results Explanation: National programme 3.1.3 Training and Consultations for Business and Self-Employment Start-Ups

13. Priority 3 Impact indicators  3.1. "Promotion of employment" No separate impact indicator is envisaged for activities of the Ministry of Economics in the PC

14. Thank you! 55 Brīvības Street, Riga, LV 1519 Telephone: 67013101 Fax: 67280882 E-mail: pasts@em.gov.lv Website: www.em.gov.lv