PROMISING EUROPEAN UNION SUPPORTED INITIATIVES WITHIN PRIVATE FOREST SECTOR IN LATVIA

The aim of this paper is to evaluate all kinds of experiences with attractive EU funding for Latvia's private forest sector in the past and to generate new proposals for effective acquisition in near future. Latvian institution may learn from these experiences in order to improve their (acquisition) role in project proposals for the private forest sector. Consequently, the relatively underdeveloped Latvian private forest sector will get its highly needed support for better performance, and progress towards other, leading EU forest sectors. The possibilities for attractive financial EU support are reviewed through both historic experiences with the EU's 'Rural Development Program for 2007 - 2013' and the EU grants, designated for forestry projects. An extensive round of interviews is held with state forest owners and experts involved in forest management programmes and other dedicated EU forest funding initiatives. Following the expert interviews, two key indicators are developed to evaluate the support from the EU. Contacts with the EU countries (the Netherlands, Belgium, Finland and Poland) where similar forestry activities have been done as in Latvia were made. Research done in this work is unique as according to the author's information these countries do not have similar research related to the EU funds efficiency and Rural Development Program for 2007 - 2013. The successfulness of Latvian applications for the EU funding is one major indicator for further fund raising. The EU supported investments generally have higher economic results in comparison with their non EU funded counterparts.