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.
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