Daugavpils, 2014-03-26 15:22 CET (GLOBE NEWSWIRE) -- In accordance with the Article 59 of the Financial Instruments Market Law JSC „Ditton pievadķēžu rūpnīca” informs its investors that within the framework of the sub-activity 2.3.2.2.2 “Support for investment into creation or renovation of production facilities” of the addendum to the Operational Programme “Entrepreneurship and Innovations” the company has submitted to Investment and Development Agency of Latvia (LIAA) an appropriate project application. The given project has been approved and an appropriate contract on its implementation has been signed with LIAA.
The total project cost is EUR 3 376 312.56, from which the eligible costs amount to EUR 2 796 429.73, support funding of which is 50%.
The project is to be implemented within 12 months.
Currently initial preparations and preparing for the procurement are underway. The company is going to inform on the future evolution of the project additionally.
R.Zarans
Chairman of the Management Board