Baltics to get most cash from EU

  • 2004-01-22
  • Baltic News Service
TALLINN - Lithuania, Estonia and Latvia - in that order - stand to gain the most among the 10 European Union newcomers in terms of per capita cash inflow over the years 2004-2006, a survey made available by Estonia's EU information secretariat has shown.

The anticipated net cash inflow per capita over the three-year period is 387 euros for Lithuania, 365 euros for Estonia and 347 euros for Latvia, according to Paavo Palk, adviser at the EU information secretariat.
The figure for Lithuania includes assistance for the closure of the Ignalina nuclear plant, without which the sum would be smaller, Palk explained.
In accordance with the financial package agreed during the accession negotiations, EU payments to Estonia in the years 2004-2006 will amount to 11.5 billion kroons (735.8 million euros).
Agriculture is set to receive 3.34 billion kroons, while 3.7 billion will be received as structural funding, and 1.6 billion will be given for the interior sector to meet the Schengen criteria.
Another 338 million kroons will come in the form of a one-off payment.
While no new Phare, ISPA and SAPARD projects are scheduled for financing at the start of 2004, an additional 1.15 billion kroons will be received over the next three years under the Phare program, 920 million kroons from ISPA and 424 million kroons from SAPARD.
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