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24 January 2018

Latvian Government publishes the Bioeconomy Strategy 2030

The Bioeconomy Strategy 2030 aims to develop Latvian bioeconomy and makes Latvia the first EU-13 Member state to publish a national bioeconomy strategy.

The main strategy’s goals include the creation of jobs in the sector; an increase on the value added of products deriving from the bioeconomy market to €3,8 billion and an increase of the value of bioeconomy production exports to €9 billion, to be achieved by 2030.

Various stakeholders, such as research institutes and working groups made up by members from different Latvian Ministries (e.g. Ministry of Economics, Ministry of Environmental Protection and Regional Development) were involved in the development of the Strategy. A strong cooperation was developed with the Nordic Council of Ministers’ Office in Latvia.

The Strategy encourages Latvian ministries to take into account the strategy’s recommendations in policy planning and writing, including for EU and other funding instruments, such as the Rural Development Programme 2021-2027 and other State Research Programmes.

You can read the Strategy and the Informative Report (In Latvian) on the Government’s website.