1 / 34

1. Opening of the AEM

Annual Examination of the Operational Programme s « Entrepreneurship and Innovations» and «Infrastructure and Services» 30 March 2011 Riga. 1. Opening of the AEM. 09:30 – 09:40. 2. Introduction / Approval of agenda. 09:40 – 09:45.

chamomile-green
Download Presentation

1. Opening of the AEM

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Annual Examination of theOperational Programmes«Entrepreneurship and Innovations» and «Infrastructure and Services»30 March 2011Riga

  2. 1. Openingofthe AEM 09:30 – 09:40

  3. 2. Introduction/Approvalofagenda 09:40 – 09:45

  4. 3. Implementation. Challenges in implementation of activities (including economically significant activities), reaching the financial and results indicators (09:45 – 12:00) • Representative of Managing Authority “Overall presentation of EU Funds implementation and management system”

  5. Absorption of EU Funds – status on 28 February 2011 (M LVL, % of EU funding, progress since 31 December 2010)

  6. Reaching the target for payments to final beneficiaries in 2010 (M LVL, % of the targets set in MoU)

  7. Contracted ERDF and CF amounts by regions (% of total contracted ERDF/CF financing) The pie chart represents the breakdown of ERDF/CF co-financed projects according to their location, i.e., either they are implemented on a regional or national scale

  8. OP «Entrepreneurship & Innovations» - financial progress as to 28 February 2011 by priorities (M LVL, % of EU funding) * The actual payments to the final beneficiaries (eligible expenses) - ~ 40,2 M LVL or 26% of priority financing

  9. OP «Entrepreneurship & Innovations» activities - financial progress Best performance in priorities 2.1., 2.2. • Activity 2.1.2.4. «Highvalue-addedinvestments» – absorbtionrate (payments to FB’s) of 28,8% till 28.02.2011; • Activity 2.2.1.3.«Guarantees for development of enterprise competitiveness» – guaranteesissuedinamountof63,6 M LVL ofEU funding; • Activity 2.2.1.4.«Loans for development of enterprise competitiveness»– creditsdisbursedinamountof 14,6 M LVL (38,1% ofavailablefinancing). Underperformance in priorities 2.2., 2.3. • Activity 2.2.1.1.«Holding fund for the investment in guarantee, high-risk loans, and venture capital funds and other financial instruments» – payments to entrepreneurs – 2,4% ofavailable EU fundsfinancing; • Sub-activity 2.3.1.1.1.«Access to international trade markets-external marketing» – absorbtionrateof 9,2% ofavailable EU fundsfinancingtill28.02.2011.

  10. OP «Entrepreneurship & Innovations» activities - physical progress Considerable progress in priorities 2.2., 2.3. • Activities 2.2.1.3. «Guarantees for development of enterprise competitiveness» outputindicatorrelated to issuedexportguaranteesis overachieved– 168% ofthe plan for 2013 is reached; • InActivity 2.3.1.2.«Measures to encourage innovations and business start-ups» outputindicatorrelated to personsinvolvedinmotivationalprograms is reachedby 348% ofthe plan for 2013; • Activities 2.3.2.1. «Businessincubators» resultindicatorby 298% fulfillstheplan for2013, outputindicator is reachedby 71%. Less advanced progress in priorities 2.1., 2.2. • Due to thefactthatimplementationofsomeactivitieshasstarted just inyear 2010, mostofindicatorsforpriority 2.1. «ScienceandInnovations» arenotreachedyet; • BecauseofslowimplementationoftheActivity 2.2.1.1. «Holding fund for the investment in guarantee, high-risk loans, and venture capital funds and other financial instruments» there is slow progress ofreachingindicators.

  11. OP «Infrastructure & Services» - financial progress as to 28 February 2011 by priorities (M LVL, % of EU funding)

  12. OP «Infrastructure & Services» - financial progress as to 28 February 2011 by priorities (M LVL, % of EU funding)

  13. OP «Infrastructure & Services» activities - financial progress Best performance in priorities 3.1., 3.5., 3.6. 3.1.4.1.2. «ImprovementofInfrastructureforProviding a Professional RehabilitationServices» - payments to FB – 100%; 3.5.1.1. «Development of water management infrastructure in agglomerations with more than 2000 residents» - payments to FB – 57,5%; 3.6.1.1. «Growth of National and Regional Development Centres for Sustainable and Balanced Development of the Country» - payments to FB – 52,8%. Underperformance in priorities 3.2., 3.3., 3.4. In 3.2.1.5. «PublicTransportOutsideRiga» - projectsareonlysubmitted; In 3.3.1.4. «Developmentofairportinfrastructure» contracted 95.5% of EU fundsbutpaymentsarenotmadeand 3.4.3.2. «Renovation of Objects of Important Cultural and Historical Heritage» contracted 99,9% of EU fundsbutpaymentsarenotmadedue to complaintsof public procurement procedures

  14. OP «Infrastructure & Services» activities - physical progress Considerable progress • In 3.1.3.3.2.«Improvement of Infrastructure in General Educational Establishments for the Students with Functional Disabilities and other Disorders» 9educational facilities (24% ofthe plan for 2013) have been adapted for students with physical disabilities. • Total length of built and reconstructed TEN motor road 23.5 km (42% ofthe plan for 2013). • 24 renovatedor facilitated pre-schooleducationalestablishments (200% ofthe plan for 2013 - 12) – theindicatorisexceededdue to thecostreduction. Less advanced progress • Many of output indicators in education sector have not been reached yet due to procurement problems in projects and Structural reforms in education sector in country (forexample, quantity of supported educational institutions with modernised infrastructure and training equipment till the end of 2010 has no reached results (target in 2013–454)); • Createdelectronicservicesarenotreachedbecause no projects have been completed due to procurement problems.

  15. Financial progress of the Financial Instruments as to 28 February 2011 (M LVL of EU funding, % ofavailablefinancing)- Activity 2.2.1.1. «Holding fund» • Funded Risk Sharing Product: • Available financing: 33,3 M LVL; • Contracted amount: 3 contracts – 0,5 M LVL, 1,5%; • Payments to entrepreneurs: 0,5 M LVL, 1,5%. • Seed & Start up Fund: • Available financing: 9,4 M LVL; • Contracted amount: 4 contracts – 0,3 M LVL, 3,2%; • Payments to entrepreneurs: 0,2 M LVL, 2,1%. • Risk Capital Fund • Available financing: 12,8 M LVL; • Contracted amount: 2 contracts – 0,8 M LVL, 6,3%; • Payments to entrepreneurs: 0,7 M LVL, 5,5%.

  16. Financial progress of the Financial Instruments as to 28 February 2011 (M LVL of EU funding, % ofavailablefinancing) • Guarantees programme*: • Credit guarantees (available financing 35,8 M LVL) • 1072 Considered applications – 175,0 M LVL, 488,8%; • 783 Approved applications – 89,7 M LVL, 250,6%; • 478 Contracts – 69,7 M LVL, 194,7%. • Export guarantees (available financing 17,7 M LVL) • 1116 Considered applications – 14,3 M LVL, 80,8%; • 82 Approved applications – 4,5 M LVL, 25,4%; • 60 Contracts – 3,0 M LVL, 16,9%. • Loans for development of enterprise competitiveness: • Available financing – 40,3 M LVL; • 52 Approved applications – 39,7 M LVL, 98,5%; • 37 Contracts – 25,1 M LVL, 62,3%; • 36 Credits disbursed – 14,6 M LVL, 36,2%. * The amount is overreached because of multiplier 3 ratio for guarantees

  17. The main TechnicalAssistanceactivities within ERDF & CF and actual payments as to28February2011

  18. Target for payments to final beneficiaries in 2011 by ministries - ERDF(M LVL, % of obligations set in MoU)

  19. Target for payments to final beneficiaries in 2011 by ministries - CF(M LVL, % of obligations set in MoU)

  20. Cash flows for EU funds 2007-2015(M LVL)

  21. Main obstacles for EU funds implementation • Contested procurements; • Failure to provide co-financing (including bank loans); • Construction delays; • Fluctuatingcosts; • Lack of human resources in institutions and beneficiaries; • Very slow decision making process of amendments in operational programmes in EC; • Financial instruments eligibility issues.

  22. Mostimportantsimplificationmeasures introduced in 2010 • “Self-financing mechanism” of the EU Structural funds projects has been abolished. Therefore financial burden placed on the beneficiaries has been relieved. • The administrative burden in risk assessment of on-the-spot checks was relieved thus optimizing the working practices and easing control requirements for final beneficiaries. • An option has been introduced to enable beneficiaries to submit payment claims in euro. Therefore the beneficiaries, who chose to submit payment claims in euro, will not have to bear losses due to the exchange rate fluctuations. • Preparation of the expenditure declaration has been entrusted solely to the CA. Therefore the expenditure declaration will be prepared in one institution that will accelerate financial flow. • Procedure for amendments of the projects has beensimplified, which relieves both the beneficiaries, as well as the institutions involved in the EU Structural Funds and CF management from administrative burden.

  23. Futuresimplificationmeasures • As regards the feedback from the beneficiaries, the survey on satisfaction of beneficiaries will be carried out in the first half of 2011. • The administrative and financial simplification measures have been taken and no notable changes are foreseen for the remaining part of 2007-2013 programming period. • Post-2013 structural simplification measures are planned to be taken: • reduction of the number of institutions involved in the management of EU funds; • entrusting ministers with the right to issue externally binding legislation. • Strengtheningthe capacity of the institutions involved in the EU funds administration (in cooperation with State- Chancellery).

  24. Implementation. Challenges in implementation of activities (including economically significant activities), reaching the financial and results indicators (09:45 – 12:00) • Representative of Ministry of Economics “Presentation of Ministry of Economics about economically significant activities”

  25. Implementation. Challenges in implementation of activities (including economically significant activities), reaching the financial and results indicators (09:45 – 12:00) DISCUSSION

  26. LUNCH 12:00 – 13:30

  27. 4. Presentation of overall Strategic issues and evaluation(13:30 – 14:00) • Representative of Managing Authority

  28. 5. Presentation of preparation of strategic planning for 2014+(14:00 - 14:30) • Representative of Managing Authority

  29. Presentation of preparation of strategic planning for 2014+(14:00 - 14:30) DISCUSSION

  30. 6. Information about the current status of science, research and development(14:30 – 15:15) • Representative of Ministry of Education and Science

  31. Information about the current status of science, research and development(14:30 – 15:15) DISCUSSION

  32. 7. Any other business(15:15 – 15:40) • Next AEM meeting(within 1 – 2 months after submission of AIR to EC), indicatively, 13 September2011 • Methodologyoffinancialinstitutions • Amendmentsin 2 OP • Restorationof EC payments • Eligibilityissuesof EIF administrativecosts

  33. 8. Closure of the meeting (conclusions and recommendations)(15:35 – 16:45) • Managing Authority and European Commission

  34. Thank you! www.esfondi.lv

More Related