Charitsis: Greece sees 8pct hike to EU cohesion funds

Greece is benefiting from an eight percent increase in funds allocated to the country by the European Commission’s cohesion budget despite a reduction in the total amount being disbursed, said Alternate Economy Minister Alexis Charitsis on Tuesday.

According to proposals published by the European Commission earlier, Greece is set to receive 19.2 billion euros from the Regional Development and Cohesion Policy for 2021-2027, with a large chunk of support funds shifting from central and eastern Europe to countries such as Greece, Spain and Italy.

“Among the positive points from today’s announcement must be the inclusion of a series of forecasts regarding the simplification of procedures that are applied to the (EU funding) ESPA program,” said Charitsis in a statement.