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Athens Macedonian News Agency: News in English, 13-01-02
CONTENTS
[01] Memorandum target for absorption of EU funds in 2nd half of year
attained, Hatzidakis
[01] Memorandum target for absorption of EU funds in 2nd half of year
attained, Hatzidakis
AMNA -- The year 2013 was beginning with some positive news on the NSRF
(National Strategic Reference Framework, or ESPA), as Greece attained
the target for absorption of these EU funds earmarked for Greece in
the second half of 2012, Development, Competitiveness, Infrastructure,
Transport and Networks Minister Costis Hatzidakis said on Wednesday.
"Tahoma","sans-serif";mso-fareast-font-family:"Times New
Roman";color:#0F1419; Briefing the press on the progress in absorption
of the NSRF funds, Hatzidakis added, however, that management problems
continued to exist, although 60 of the red tape has already been
reduced, while by February new announcements will be made regarding the
acceleration of the judicial process and for reducing various costs.amna
"Tahoma","sans-serif";mso-fareast-font-family:"Times New
Roman";color:#0F1419; He stressed that market liquidity continues to
be the biggest problem, but expressed optimism that the "bulldozers
will take up work as of April and there will be an acceleration in the
absorption of funds".
"Tahoma","sans-serif";mso-fareast-font-family:"Times New
Roman";color:#0F1419; Hatzidakis added that the recapitalization of the
banks is expected to improve the liquidity level in the economy, which
had been the major stumbling block to absorption of funds last year.amna
mso-fareast-font-family:"Times New
Roman";color:#0F1419;mso-ansi-language:EN-US; The minister explained that,
in the annual expenditures for 2012, an 'exceptionally ambitious' target
of 3.73 billion euros in EU funds had been agreed in the Memorandum, of
which Greece, in the second half of the year managed to exceed the target
for that period, attaining 102.64 percent of the target, bringing NSRF
expenditure to 88.39 percent of the annual target following a shortfall
in the first half, in which only 59.52 percent of the target was absorbed.
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