Agricultura y Desarrollo Rural

A new start for jobs and growth in Greece: Commission mobilises more than €35 billion from the EU budget

A new start for jobs and growth in Greece: Commission mobilises more than €35 billion from the EU budget

  1. Español
  2. English
News
A new start for jobs and growth in Greece: Commission mobilises more than €35 billion from the EU budget
16/07/2015

The purpose of the Commission Communication "A new start for jobs and Growth in Greece" is to outline a renewed approach to the substantial means available from the EU budget to serve as a new start for jobs and growth in Greece.

The Commission's intention to work with the Greek authorities to mobilise up to EUR 35 billion to fund investment and economic activity, including in SMEs, in Greece was highlighted by the Euro Summit on 12 July 2015.

With the support of the Commission, Greece is expected to be able to receive more than EUR 35 billion from the EU budget over the 2014-2020 financing period. EUR 20 billion from the European Structural and Investment Funds could be mobilised to create jobs and sustainable growth, and Greek farmers should continue to benefit from direct payments of over EUR 15 billion. Some first payments to Greece from these EU funds in 2014 and 2015 already amount to almost EUR 4.5 billion.

 

Agricultural sector: enormous potential for improving Greece's competitiveness

Up to 2020, Greece can benefit from almost EUR 20 billion for its farming sector and rural areas.

This includes around EUR 4.7 billion from the European Agricultural Fund for Rural Development within the overall envelope of EUR 20 billion of European Structural and Investment Funds available to Greece for 2014-2020 and around EUR 15 billion in direct payments that will help bolster farmers’ and producers’ income.

In 2013 such payments reached more than 700 000 farmers. Income-support schemes are available for the currently active farmers, while young farmers will get support to set up small businesses.

The EU also makes available resources to help farmers better market their products with support for fruit and vegetables, olive oil, wine, dairy products and honey.

The EUR 4.7 billion is reserved for initiatives which will improve the competitiveness of the Greek agricultural sector while preserving ecosystems and ensuring an efficient use of natural resources. Such initiatives open up employment opportunities in rural areas and promote innovation.

 

>> Read the press release

>> Read the Commission Communication "A new start for jobs and Growth in Greece"