TITLE

EU Aid At Risk

PUB. DATE
July 2005
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Jul2005, Vol. 12 Issue 7, p11
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The article reports on the effect of the European Union's (EU) budget for 2007-2013 on Latvia and Lithuania's financial conditions. Latvia and Lithuania are the two largest beneficiaries of the EU budget in relative terms, with net EU transfers to each country estimated to be in the region of 3.0-3.5% of gross domestic product (GDP) in 2005 and 2006. The Baltic states have been lobbying hard to ensure that the 4% of GDP cap on annual cohesion-related payments from the EU budget to member states is retained for the next financial framework, due to commence in 2007.
ACCESSION #
17385637

 

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