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Hubner: Greece’s absorption rate of EU funds at 85%

(ATHENS NEWS AGENCY) The absorption rate of available funds from a 3rd Community Support Framework programme (for the period 2000-2006) by Greece totals 85 percent, EU Regional Policy Commissioner Danuta Hubner said on Wednesday. Support Framework programme, Hubner said the absorption rate rose to 85 percent after Greece submitted payment applications with EU authorities. The European Commission on Feb. 12 had announced that the country’s absorption rate was 74 percent.

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