EU Budget Greece 2014-2020 update November 2014

GREECEUPDATED | 11| 2014

2014 | 2020EU BUDGETS

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Global Europe

Administration

Compensation

Security & Citizenship

€199.828

€ 959.988in current prices: € 1.082.555

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The five European Structural and Investment Funds;

| The European Regional Development Fund

| The European Social Fund

| The Cohesion Fund

| The European Maritime and Fisheries Fund

| The European Agricultural Fund for Rural Development

ESI FUNDSTHE 5

| EU Member States are required to draw up and implement

strategic plans with investment priorities covering the five ESI

Funds.

| These Partnership Agreements (PAs) are negotiated between the

European Commission and national authorities, following their

consultation of various levels of governance, representatives from

interest groups, civil society and local

and regional representatives.

AGREEMENTSPARTNERSHIP

The regional aid map defines the regions of a Member State eligible for

national regional investment aid under EU state aid rules. It will be in force

between 1 July 2014 and 31 December 2020.

The map also sets the maximum levels of aid (so-called "aid intensities") that can be

granted to regional investment projects carried out by large enterprises in the

assisted areas at between 10% and 25% of total investment costs, depending on

the area concerned.

These intensities can be increased for investments carried out by medium sized

enterprises by 10% and for small enterprises by 20%.

AID PERCENTAGESMAXIMUM

The new regional aid map for Greece will cover its entire territory and 100

% of its population, because the country benefits from the European

Stability Mechanism.

Under the new map, seven areas which have a GDP per capita below 75% of the

EU average - covering 56.1% of the population of Greece - will be eligible for

regional investment aid:

Anatoliki Makedonia and Thraki, Kentriki Makedonia, Thessalia, Ipeiros, Dytiki

Ellada, Peloponnisos and Vorio Aigaio

In the previous period, four more areas had a GDP below 75% of the EU average.

AID PERCENTAGESMAXIMUM

In order to ensure a smooth transition, the regions of, Ionia Nisia, Kriti,

Dytiki Makedonia and Attiki covering 43.9% of the population of Greece,

will continue to be eligible for regional aid until 2020.

As from 2018, the maximum aid intensities will be reduced, except for the areas of

Kastoria and Florina that share land borders with a country outside the European

Economic Area (EEA) and are therefore entitled to keep higher aid intensities.

The maximum aid intensities for regional investment aid in the Greek assisted

regions have slightly decreased as compared to the previous aid map (by 5 to 15

percentage points, depending on the region).

AID PERCENTAGESMAXIMUM

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D 3

0/1

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STA

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STotal number

of OP s submitted

per country

Countries have

their OP s

adopted:21 OP >Denmark

1 OP >Lithuania

| Partnership agreement adopted end of May 2014

| Adoption of OP’s by European commission in Q4 2014

| Expected first grant calls Q1 2015 for funding priorities related to

Op’s

OPs should be submitted by Member States within 3 months following the

submission of the Partnership Agreement.

The Commission makes observations within 3 months and adopts the OP

no later than 6 months from the date of its submission.

PLANNING

Priorities for Greece are set out in the Partnership Agreement

approved by the European Commission on 23 May 2014.

The principal objectives are:

| Support and promote competitiveness and innovation

| Tackle and mitigate the severe effects of the economic, and social crisis

with particular focus on high unemployment (especially youth)

| Trigger and pursue reforms to modernise and ensure an efficient public

administration.

PRIORITIESFUNDING

The strategy identifies five pillars to build upon the "exit strategy"

from the crisis, namely:

| Competiveness and openness of SMEs

| Development of human resources & active social inclusion,

| Low carbon economy,

| Key network infrastructure and

| Modernization of the state.

PRIORITIESFUNDING

For 2014-2020, Greece has been allocated € 15.35 billion (current

prices) in total Cohesion Policy funding:

| € 7.03 billion for less developed regions (Eastern Macedonia and Thrace,

Central Macedonia, Thessaly, Epirus, Western Greece)

| € 2.31 billion for transition regions (Western Macedonia, Continental

Greece, Ionian Islands, Peloponnesus, Crete, North Aegean Islands)

| € 2.53 billion for more developed regions (Attica, South Aegean Islands)

ALLOCATIONSFINANCIAL

| € 3.25 billion under the Cohesion Fund

| € 231.7 million for European Territorial Cooperation

| €171.5 million for the Youth Employment Initiative.

Of this, ESF in Greece will represent a minimum of € 3.33 billion.

The actual share will be set in light of the specific challenges the

country needs to address in the areas covered by the ESF.

ALLOCATIONSFINANCIAL

In 2014-2020, Greece will manage eighteen operational programmes.

From these, thirteen regional programmes will receive funding from the

European Regional Development Fund (ERDF) and the European Social

Fund (ESF),

| two national programmes will receive funding from the ERDF and ESF

| one national programme funded by ERDF and the Cohesion Fund

| one national programme will receive funding from the ESF

| a national technical assistance programme will receive funding from the

ERDF, ESF and the Cohesion Fund.

ARCHITECTUREPROGRAMME

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THEMATIC OBJECTIVE& BY FUNDALLOCATION BROKEN DOWN BY

OPERATIONAL PROGRAMSBUDGET BREAKDOWN