EU FUNDS: Croatia to Receive €150 M EU Funds Advance Payment for Second Half of 2013
The European Commission (EC) confirmed that the Croatian system for the management and monitoring of EU funds has finally been harmonised, and Croatia can expect to receive an €150 million advance payment in the coming weeks. The funds should present 1/3rd of the €449.9 million allocated for Croatia from EU Structural and Investment Funds (ESI) for the first six months of its EU membership (i.e. for the second half of 2013).
As a result of completing the Extended Decentralised Implementation System (EDIS) accreditation procedure, Croatia can now administer EU funds without ex-ante control enforced by the EC. In essence, when an EU member state acquires the EDIS accreditation, it is considered to be capable of independently managing the projects co-financed from EU funds, and that necessary control and audit procedures exist and function properly. In cases where EDIS is granted, the Commission will only carry out ex-post audits to verify the correct processing of transactions. Consequently, the entire grant-awarding process becomes much faster and more efficient.
Following Croatia’s accession to the EU, Regional Development and EU Funds Minister Branko Grcic (SDP) announced Croatia would acquire the accreditation from the Commission by the end of October 2013…