Greece to Receive 19.2 Bln Euros in EU Development Funds for 2021-2027

Greece to Receive 19.2 Bln Euros in EU Development Funds for 2021-2027

Greece is set to receive 19.2 billion euro from a European Commission development budget for 2021-2017, according to proposals published by the EU's executive arm on Tuesday.

Brussels has gone ahead with changes to its Regional Development and Cohesion Policy for 2021-2027, shifting a large chunk of support funds from central and eastern Europe to countries such as Greece, Spain and Italy.

"The EU's economy is bouncing back, but additional investment efforts are needed to tackle persistent gaps between and within member states. With a budget of 373 billion euro in commitments for 2021-2027, the future Cohesion Policy has the investment power to help bridge these gaps," the commission said in a statement.

Regions still lagging behind in terms of growth or income - mostly located in the south and east of Europe - will keep benefiting from important EU support, it added.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.