European Commission Approves Transnational Cooperation Programme for Balkan-Mediterranean Area

European Commission Approves Transnational Cooperation Programme for Balkan-Mediterranean Area

The European Commission approved Monday the first EU Transnational Cooperation Programme for the Balkan-Mediterranean region, covering the Balkan Peninsula and the Eastern Mediterranean Sea, the Bulgarian Regional Development and Public Works Ministry said.
Bringing together three EU countries (Greece, Bulgaria and Cyprus) and two candidate countries (Albania and the former Yugoslav Republic of Macedonia), the programme will have two priority axes: entrepreneurship and innovation, and environment.
The budget of the programme totals nearly 40 million euro, of which the EU provides 33 million euro through the European Regional Development Fund and the Instrument for Pre-accession Assistance.
The 15 per cent national co-financing for the Bulgarian partners has been ensured from the national budget.
The projects funded under the programme will foster entrepreneurial, social and digital innovation, establish linkages between business and education, and enable the exchange of knowledge between the regions. Investments under the second priority will ensure a sustainable use of resources and preservation of natural and cultural heritage across the whole Balkan-Mediterranean region.

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