firms products
Bulgaria Signs for EUR 48 M PHARE Cash

Bulgaria Signs for EUR 48 M PHARE Cash

Bulgaria has signed four agreements under the PHARE program, totalling EUR 48 M. The country will provide about EUR 10.209 M co-unding, according to the accord signed Monday by Bulgarian Finance Minister Plamen Oresharski and Dimitris Kourkoulas, Head of the Delegation of the European Commission to Sofia. Two of the fresh documents are designed to boost cross-border cooperation with neighbouring states Greece (EUR 20 M) and Turkey (EUR 5 M). Their cost stands at EUR 25 M funding by the EU and Bulgaria each.

After the signature, Finance Minister Plamen Oresharski said it is still undecided what types of projects will be funded under the program. Yet, he specified the majority of the financial aid would probably be allocated for personal data protection projects, development of a secret data system, as well as for industrial research. A big part of the funds under the remaining two lines will be allotted to Bulgarian municipalities affected by last summer's floods. A total of EUR 1.23 M will be granted for housing recovery, Oresharski said. In 2005 the EU has allotted some EUR 281 M under the PHARE program and more than EUR 500 M under all structural and cohesion funds of the Union , Kourkoulas said.

28 February 2006 -

No comments

phare, EU, european commission, dvelopment, industrial research, neighbouring states, greece, turkey

more from Consulting

Privacy policy Terms of use   Home Print  
About us Contact us Advertise Partners
  Created by