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Nearly €585 million absorbed through the PHARE program

Submitted on Wednesday, 15 July 2009No Comment

Nearly 585 million euro area the funds bsorbed so far by successful PHARE projects in Bulgaria, announced the Ministry of finance.

The execution of the PHARE programs and the Transition financial instrument (PFI) is still underway, with a total budget of about 200 million Euro by May 31st 2009.

The report for the execution of the pograms of PHARE and PFI was presented today in the Ministry of finance by the National coordinator of assistance Liubomir Datsov.

Representatives of the European commission, lead by the manager of finances Haime Garcia Lombardero, attended the meeting.