2024-07-19 13:45:04
The planned value added tax (VAT) revenue from the turnover generated by foreign visitors reaches 3.1 million euros. It is expected that the event will be attended by at least 20,000 foreign and 20,000 local visitors, as well as 2,000 participants.
Viktors Valainis (ZZS), Minister of Economy and Chairman of the Steering Committee for WRC Organization Supervision, states that the WRC Latvian stage is the first implemented project in the large-scale international event support program, in which the state’s invested funds are planned to be recouped by attracting tourists, increasing VAT revenues, creating new jobs. promoting the development of infrastructure and the recognition of the country.
EM has provided support in the organization of the Rally Championship stage in Latvia, not only by providing support in the form of co-financing, but also from the organizational side.
The Ministry also plans to support large and important sports, culture and other large-scale events that will increase Latvia’s competitiveness, export volumes and the recognition of the country’s image.
On January 21 of this year, the Cabinet of Ministers decided to grant support for the organization of two large-scale international events – the World Rally Championship stage in 2024, as well as the final tournament of the European Basketball Championship for men in 2025.
The eighth stage of the World Rally Championship (WRC), which will take place in Latvia, will open today in Riga.
The opening ceremony, which will take place in Rātslaukum, will be broadcast live on the channel LTV7 and on the public media portal “Lsm.lv” from 5 p.m.
2024-07-19 13:45:04