Greece has secured funds amounting to €36.5 billion from the new EU budget for the 2014-20 period as approved by the plenary of the European Parliament, yesterday. From the above mentioned amount, €16.28 billion will be allocated through the 2014-2020 National Strategic Reference Framework; additionally the government is expecting further €2 billion from the revision of the budget, halfway through the period. Another € 4.2 billion will be distributed through the regional funds.

About €2 billion per year will be allocated to the agricultural sector, in subsidies, for the next seven years. The average amount of structural subsidies per square meter for Greece is rising, but direct subsidies will be in decline. Despite that drop, Greek farmers will get the fifth-highest subsidies per square meter in the European Union.

In average structural subsidies, Greece will lie sixth in the bloc.

More info www. ekathimerini.com: Greece to get EU subsidies of €36.5 B by 2020