(Latvijas Televīzija), LTV Panorāma Most of the nearly two billion euros that Latvia will receive within the EU Recovery and Resilience facility will be invested in infrastructure. Other European funds are expected to be invested in construction at the same time, and experts are warning about the risk of overheating the construction sector, Latvian Television reported July 12.
The recovery facility of €1.82 billion will flow into Latvia over the next five years. Investment plans show that more than half will go into infrastructure, which means a large part is related to construction. For comparison, it is planned to invest only a tenth of the funds in human capital and even less in research, development, and innovation.