Minister Satisfied with EU Funds Absorption

By 2 May 2019

ZAGREB, May 2, 2019 - Regional Development and EU Funds Minister Gabrijela Žalac said at a government meeting on Thursday that she was exceptionally satisfied with indicators of EU structural and investment funds absorption from mid-2017 to late 2018, stressing that in the said period contracts were signed for projects worth 4.3 billion euro.

Meeting its obligation to report to parliament every six months about the absorption of EU funds for the 2014-2017 period, the government sent to parliament three six-month reports for the following periods: 1 July-31 December 2017, 1 January-30 June 2018 and 1 July-31 December 2018.

According to Žalac, in the period covered by the three reports, contracts were signed for projects worth 4.3 billion euro.

End beneficiaries have received a total of 1.3 billion euro in the period from mid-2017 to late 2018. A total of 1.5 billion euro has been verified and the European Union has released 937.4 million euro.

The minister also presented data for the 2007-2013 financial period, given the N+3 rule which means that allocations are divided into annual amounts which must be spent within three years.

The minister said that the number of irregularities in funds' absorption is on a mild rise which was in correlation to a rise in the rate of the conclusion of contracts on EU funds.

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