KPMG: Poland is third worst user of EU funds in CEE.

By bne IntelliNews July 24, 2012
The EU funds available for Poland under the 2007-2013 framework programme equal EUR 65.3bn, which is 40% of all CEE member-states. When complemented by the national public contribution, it totals EUR 82.8bn, according to a report by KPMG. By the end of 2011, Polish beneficiaries had signed contracts for EUR 52.4bn, which is 63% of the total budget. (vs. CEE average of 67%). In the meantime, more than 40% of the contracted grants, i.e. around EUR 23bn, was disbursed to the beneficiaries, which represents 28% of the total allocated budget for the 7-year period. Thus, Poland was the third worst performer (after Romania with 14% and Bulgaria with 19% vs. CEE average of 29% and 44% reported by the leaders, i.e. Estonia and Latvia), the report reads. In all CEE, by the end of 2011 more than 43% of the contracted grants i.e. EUR 60.8bn were distributed to the beneficiaries.

Related Articles

EC refers Poland to court for delay on renewable energy rules.

The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more

ZEW Economic Sentiment Indicator for Poland surges to 42.9pts in February.

The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more

FinMin: Poland to inject EUR 5.5bn of FX reserves to ECB upon euro-zone entry.

When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 296
Dismiss