Yesterday, Greece and the European Commission concurred on the allotment of 26 billion euros in investment and structural funds, and their usage in 2014 to 2020.
According to Kathimerini, Development Minister Costis Hatzidakis explained the deal, "The new National Strategic Reference Framework [NSRF] can act as a catalyst for growth at a crucial time for the country".
The monetary agreement states how 4.2 billion euros designated for rural development and 15.5 billion euros administered for cohesion policy funds, will be distributed. European Commissioner for Regional Policy Johannes Hahn described the funds as, "The adoption of the partnership agreement represents a timely support for Greece's efforts to exit the crisis".
The European Commissioner added,"Important strategic choices have been made to invest in the competitiveness and innovation of SMEs, sustainable job creation and tackling unemployment through capacity building and development of human resources".
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