Official reports have confirmed the completion of the 2014-2020 European Union funding planning period, during which Latvia received a total of 4.6 billion euros for various projects. This financial influx has been a significant contributor to the Latvian economy, with nearly 2,450 projects executed across diverse sectors. Although not immediately visible in daily life, the data indicates that European support has significantly bolstered the competitiveness and productivity of about 6,900 companies.

Moreover, the funds have directly improved energy efficiency for 23,000 households, demonstrating a tangible impact on ordinary citizens. The workforce has benefited as well, with over 300,000 individuals enhancing their skills in the labor market. Additionally, around 100,000 people at risk of social exclusion received support aimed at job creation and retention. These initiatives highlight the broader social implications of EU funding, underscoring its role in enhancing the socioeconomic fabric of Latvia.

As the current funding period draws to an end, Latvia is set to enter the next support phase with an allocated 1.97 billion euros. This new funding is expected to continue the trend of economic and social improvements, although the precise impacts will depend on effective planning and implementation in the coming years. The ongoing dependency on EU support reflects both a vote of confidence in Latvia's economic strategy and the challenges that remain in fostering sustainable growth without external funds.