Greece achieved one of the highest rates of European Union funds absorption in 2014, according to the Development Ministry, as it managed to avoid losing out on any contributions from Brussels from any funding program.
The country invested EUR 3.64 billion in EU funds last year to take its absorption rate from the 2007-13 funding period (that has been extended to two additional years) to 87.97 percent. In total the country has absorbed EUR 19.48 billion from the 2007-13 funds. Therefore Greece has met both the target set for the previous funding period and that for 2014-20.
The ministry also announced the successful completion of the Public Investments Program for 2014, with the channeling of EUR 6.6 billion into the economy and society, thereby helping the country switch from recession to growth in the year that has just ended.
Source: www.ekathimerini.com
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