Commission, Greece agree on structural, investment fund distribution

The European Commission and Greece agreed on Friday on how 26 billion euros of structural and investment funds will be used between 2014 and 2020.

“The new National Strategic Reference Framework [NSRF] can act as a catalyst for growth at a crucial time for the country,” said Development Minister Costis Hatzidakis.

The agreement sets out how 15.5 billion euros in cohesion policy funds and another 4.2 billion designated for rural development will be used.

“The adoption of the partnership agreement represents a timely support for Greece’s efforts to exit the crisis,” said European Commissioner for Regional Policy Johannes Hahn. “Important strategic choices have been made to invest in the competitiveness and innovation of SMEs, sustainable job creation and tackling unemployment through capacity building and development of human resources.”