Economics
PHARE cross border scheme signed
The agreements of the first program of the EU's PHARE CBC Small Projects Fund, a subsidy scheme designed for cross-border cooperation between regions were signed yesterday. The program involves municipalities, non-profit organizations, cultural and educational institutions of Serbia-Montenegro and Hungary. The total amount of subsidies awarded is Euro 631.000, Euro 465.000 of which was provided by the EU and the rest by government funding. Projects to be realized within the program include the construction of a cross-border bicycle road and cultural cooperation between Csongrád, Bács-Kiskun counties and Vojvodina in Serbia. (Vg 4) R.G.
