Latvian Prime Minister Evika Siliņa has highlighted the need for additional economic support from the European Commission for Eastern Europe, particularly in light of current funding inadequacies. Currently, entrepreneurs in Latvia face higher costs due to uncompetitive financing options from local banks, which hampers business development. Siliņa suggests that the European Investment Bank could provide loans at better rates to bolster entrepreneurship in the region, which would level the playing field with other areas in Europe.

During a discussion on potential political and financial solutions in Brussels, the importance of competitive financing for businesses in Eastern Europe was emphasized. This initiative could help address the existing challenges faced by entrepreneurs who are struggling with limited access to capital at favorable rates. Siliņa expressed that improving financial conditions would be critical for fostering growth and stability in the region and ensuring that local businesses can thrive against their competitors.

Looking ahead, there is uncertainty about whether additional funding will be allocated to Eastern European nations. Raimonds Čudars, Minister for Regional Development, acknowledged the current lack of clarity surrounding future investments. However, he commended the European Commission's focus on addressing the economic disparities in the region, indicating that discussions are ongoing regarding how best to support the entrepreneurial landscape in Eastern Europe moving forward.