Thursday October 23, 2014 Search
Weather | Athens
22o C
16o 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 yesterday’s and next Sunday’s 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 country’s 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)  
Just two banks seen to require more capital
Solidarity levy extended to 2016 in bid to meet targets
Stocks give up 0.37 percent in quiet session
Solidarity tax to be extended for two years
Interior Minister accused of not paying his health fund contributions
The health fund for journalists (EDOEAP) said on Thursday that Interior Minister Argyris Dinopoulos, a former reporter, had not paid any contributions between 2009 and 2013 but continued to ...
Protests over university security persist
Students demonstrating against security measures at Athens University withdrew from its main premises Thursday but another group of students padlocked the gates of the institution’s School o...
Inside News
SOCCER
Roberto´s heroics make Kasami´s goal count
Pajtim Kasami’s goal and Roberto’s heroics in goal saw Olympiakos claim one of the biggest wins in its history on Wednesday downing Italian champion Juventus 1-0 to boost its chances of reac...
SOCCER
Third-division Iroditos punished heavily after fan death
Greek third division team Irodotos has been docked 15 points and ordered to play 10 matches behind closed doors following the death of an Ethnikos Piraeus supporter, the Hellenic Football Fe...
Inside Sports
COMMENTARY
Tension for tension’s sake?
It is evident that Turkish President Recep Tayyip Erdogan feeds off tension. He would barely have achieved as much as he has – and prevailed – if he had not been so keen to confront a series...
COMMENTARY
Defusing a crisis
The crisis in Cyprus is escalating rapidly and defusing it is an extremely delicate and complicated procedure that will inevitably lead to losses for the weakest of the two sides. The course...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Just two banks seen to require more capital
2. Solidarity levy extended to 2016 in bid to meet targets
3. Interior Minister accused of not paying his health fund contributions
4. Protests over university security persist
5. Samaras, Juncker examine Greek proposal for emerging from bailout
6. Stocks give up 0.37 percent in quiet session
more news
Today
This Week
1. Strong winds hamper sea travel
2. TBEX brings together 800 travel bloggers in Athens
3. Samaras to represent Anastasiades at European Council meeting
4. Cyprus president to sit out EU summit due to high blood pressure
5. Arrivals show increase in January-June 2014 period
6. Spanish unemployment lowest since 2011 as economy grows
Today
This Week
1. Coalition shooting itself in the foot
2. Istanbul skyscraper casts shadow over Greece's banking ambitions
3. The past, present and future of the Greek debt crisis
4. Greece’s closed society is central to its current malaise
5. Greece must stick to reforms, says Schaeuble
6. At least 11 banks to fail European stress tests, three in Greece, report says
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.