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Bulgaria gets EUR 33 M for cross-border cooperation

Date: 19.10.2005

At its session, the European Integration Council (EIC), chaired by Prime Minister Sergey Stanishev, approved projects under the PHARE program for 2005 related to cross-border cooperation with Greece, Romania and Turkey. They amount to EUR 33 M.

A total of EUR 20 M of the funds will be channeled into cross-border cooperation with Greece, EUR 8 M - with Romania, and EUR 5 M - with Turkey.

Bulgaria's financial participation consists of co-funding under the projects with investment component. For the cross-border cooperation with Greece it amounts to EUR 4,050 M, with Romania - EUR 2,05 M, and with Turkey - EUR 950,000.

The funds will be channeled into the improvement of transport infrastructure, employment, social policy and education, environmental protection, economic activity and cross-border relations on local level through a joint fund for small People-to-People projects.

The projects mainly aim to enable social and economic cohesion and the development of neighbouring countries, encouragement of employment in border areas, improvement of cooperation and contribution to stability and security, strengthening public and cultural relations.

Stroitelstvo.bg

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