Mar 3, 2021

Project No. 2021 Q1 news

During Q1, 2021 continues corrections and considerations for approval of last submitted financial and project progress report.

It has been agreed to partly place project related manufacturing machines in second Ventspils plant building, as a result in the closest time a project implementation table ammendments will be submitted to CFLA, including VATP7 as the official address of project implementation.

Project total investment amount is 2.899 million EUR. EU and Latvian government grant amount is 1.015 million EUR. The rest of the project will be financed from the company’s own and bank loan resources.