The European Commission yesterday unveiled a major reform of regional funding to take the ten new member states into account.
Brussels has assigned 336 billion euro to fund poorer regions between 2007 and 2013 - an increase of 40 percent on the previous seven-year period. This represents over a third of the EU budget.
More than half (52 percent) of the funds will go to economically disadvantaged regions in the new member states.
And there will be funds available to soften ...
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