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CROATIA GRANTED INDEPENDENT MANAGEMENT OF EU RESOURCES

ZAGREB, May 9 (Hina) - Croatia is the first among numerous countries-candidates for joining the European Union, as well as those who are only just starting the process, to be granted the status of independent management of financial resources intended for various projects donated by the EU and member-countries, assistant finance minister Tihomir Domazet said today after a meeting with the EuropeAid coordinator for Croatia, Pierre Lejeune and a EU delegation secretary in Croatia, Laura Garagnani. The principle of decentralisation of managing the financial resources means that decisions on the issue will not be made by the EU, but rather the Croatian Finance Ministry (that is, the EU programme and project financing assistance department) will make all decisions starting with programme and project applications, Domazet said. The EU last year established the CARDS programme for the realisation of such projects. The F
ZAGREB, May 9 (Hina) - Croatia is the first among numerous countries-candidates for joining the European Union, as well as those who are only just starting the process, to be granted the status of independent management of financial resources intended for various projects donated by the EU and member-countries, assistant finance minister Tihomir Domazet said today after a meeting with the EuropeAid coordinator for Croatia, Pierre Lejeune and a EU delegation secretary in Croatia, Laura Garagnani. The principle of decentralisation of managing the financial resources means that decisions on the issue will not be made by the EU, but rather the Croatian Finance Ministry (that is, the EU programme and project financing assistance department) will make all decisions starting with programme and project applications, Domazet said. The EU last year established the CARDS programme for the realisation of such projects. The Finance Ministry expects 63 million euro will be allocated for this year's projects intended for several priority areas, such as the return of refugees, economic development, financing commitments towards the Stabilisation and Association Agreement, etc. (hina) lml sb

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