Edition: International | Greek
MENU

Home » Europe

Poland largest recipient of EU funds

By: N. Peter Kramer - Posted: Thursday, August 17, 2006

Poland largest recipient of EU funds
Poland largest recipient of EU funds

Poland is to receive nearly 20% of the EU’s € 308 billion structural funds for the period 2007-2013.

The European Commissioner for regional policy, Ms Danuta Hubner, set out where the money from the EU’s structural funds will go and showed that Poland will be the far biggest recipient (€ 59,7 billion), nearly a double amount going to Spain on the  second place (€31,5 billion).

A breakdown of the structural fund programme shows how money is being targeted to  other new EU members from the former communist block: Czech Republic € 23,7 billion, Hungary € 22,4 billion, Romania, expected to join the EU in 2007, € 17,3 billion and Slovakia €10,3 billion. 

Other than Spain, Italy (€25,7 bn), Germany (€23,5 bn), Portugal (€19,2 bn) and Greece (€18,2 bn) are substantial receivers from the ‘old’ members states. The package reflects the deal struck during the EU summit last December.

Ms Hubner’s policy is focused on raising competitiveness in EU’s poorest regions and  a total of 62% of all money should be earmarked for projects directly linked with the EU’s economic priorities of creating jobs and growth. According to the European Commissioner, this marks a shift from spending priorities in the 2000-2006 Programme, where nearly half the budget was spent on infrastructure projects. Although, new member states are not officially required to earmark money for core economic projects, she expects them to set high targets in this area.

Ms Hubner, a Pole, also pointed out that transport infrastructure projects can still play a key role. ‘This is not a one-size-fits-all approach’, she said. ‘There are poor countries where investors will simply not go unless there is a decent road’.

The EU budget, including regional funds, comes up for review in 2008. But Ms Hubner has said, she will resist proposals to axe EU regional programmes in rich countries in Western Europe (as British Chancellor of the Exchequer Gordon Brown would like). But Ms. Hubner also said, that ‘Brussels’ and national governments need to explain better why money spent in poor regions, particularly in Eastern Europe, will bring benefits for everyone in the EU by opening new markets: ‘We are not talking about a policy for the poor’!

READ ALSO

EU Actually

Far-left and far-right gains throw French mainstream parties into a quandary

N. Peter KramerBy: N. Peter Kramer

In many big towns and cities, Socialists and centre-right Republicans are tempted to make electoral pacts on their outside flanks to beat the opposition in next Sunday’s run off of the French mayoral elections.

Europe

Russia’s Imperial Retreat Is Europe’s Strategic Opportunity

Russia’s Imperial Retreat Is Europe’s Strategic Opportunity

The war in Ukraine is costing Russia its leverage overseas. Across the South Caucasus and Middle East, this presents an opportunity for Europe to pick up the pieces and claim its own sphere of influence.

Business

EU risks losing US soy imports under deforestation rules, Washington warns

EU risks losing US soy imports under deforestation rules, Washington warns

The regulation would make the bloc less attractive for American exporters, a senior USDA official said

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2026. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron