Monday September 1, 2014 Search
Weather | Athens
29o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
New regional authorities will manage EU funds of 7 bln euros

By Evgenia Tzortzi

The new regional authorities to emerge from yesterdays and next Sundays polls will have the power to administrate funds amounting to 7 billion euros from the new funding period of the European Commission-supported subsidy program.

This is the first time in recent years that the handling of EU subsidies has been put in the hands of the heads of regional authorities, a departure from the system that applied until now, according to which funds granted to regions were ultimately administered by ministries.

In the previous funding period, when the National Strategic Reference Framework concerned more subsidies, regions were officially granted 8 billion euros. In practice, however, over half that money was handed out by the ministries, inciting the anger of the countrys regional authorities.

The new funding program is radically changing the philosophy governing the management of resources by granting the leading role to local authorities, which in cooperation with the central government will select the projects that are to be co-funded, and then supervise their implementation.

The distribution of the money from the program provides for the direct investment of funds amounting to 5.5 billion euros through 13 regional subsidy programs, which remain intact, unlike the plans of the ministries that have been cut back. Regional authorities are also being given a role in the management of the Agricultural Development Program, administering 30 percent of resources i.e. about 1.5 billion euros to reach a total of 7 billion euros.

The program for agricultural development includes major irrigation projects and actions for presenting the results of rural research and for promoting innovation in the sector.

The distribution of the funds from local authority resources will include 783.4 million euros from the Transport Infrastructures, Environment and Sustainable Development Program that will be conceded to the regional authorities. These funds will then be used for the implementation mainly of liquid waste management projects.

ekathimerini.com , Sunday May 18, 2014 (23:18)  
Greek economy shrinks at slowest pace since late 2008
Prospect of Greek grand prix back on the agenda; huge investment needed
Juggling lighter tax burden and fiscal targets
Government tries to get handle on NPLs
Hardouvelis optimistic ahead of Paris meeting
The Greek government has stepped up its efforts in advancing the structural measures it has committed to, Finance Minister Gikas Hardouvelis said Monday ahead of a two-day meeting with troik...
Erdogan visits Turkish-occupied Cyprus
Recep Tayyip Erdogan was on Monday expected in Turkish-occupied northern Cyprus in his first official visit as new Turkey President. Erdogan, who was sworn in as his country's first popularl...
Inside News
SOCCER
Fulham striker Mitroglou set to re-join Olympiakos
Greek champions Olympiakos Piraeus are set to re-sign Kostas Mitroglou on loan from English second tier club Fulham after the striker arrived in Athens for talks on Sunday. An Olympiakos spo...
SOCCER
Tough draw for Greek sides in Europa League group stage
Following Thursday nights high, when all three Greek teams competing in the Europa League made it into the group stage of the competition, a harsh reality struck Friday as they found out wh...
Inside Sports
COMMENTARY
A great president
I fully understand the countrys need for political stability, a necessity which makes the election of a president by the current Parliament absolutely imperative. At the same time, however,...
EDITORIAL
Dont feed the zombies
There can be no growth without resolving the issue of nonperforming business loans. However, the solution to this problem should not be based on old establishment criteria, such as political...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Hardouvelis optimistic ahead of Paris meeting
2. Erdogan visits Turkish-occupied Cyprus
3. Greek economy shrinks at slowest pace since late 2008
4. Laid-off cleaners to protest outside police headquarters
5. Protesters interrupt blessing ceremony at University of Athens
6. Deputy Education Minister Koukodimos resigns
more news
Today
This Week
1. A great president
2. Excavation work at Amphipolis reveals section of marble mosaic floor
3. Greek officials meet to fine tune strategy for Paris talks with troika
4. Dont feed the zombies
5. Deputy Education Minister Koukodimos resigns
6. Protesters interrupt blessing ceremony at University of Athens
Today
This Week
1. Attack on gay couple in Athens leaves one man needing surgery
2. The battle against progress
3. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
4. Strong undersea quake occurs off island of Milos, felt in Athens
5. Greek quest for debt relief faces hurdles in Paris
6. Hardouvelis, ECB executive discuss bank program, stress tests
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.