|In August, 2004 the Bulgarian government approved a new project for financial memorandum with the European Commission within the framework of the national Phare program for 2004 for Bulgaria, part I. The financial memorandum is for 12, 972 million euro and will be distributed under a grant scheme.|
The financial resources under the program will be used for the implementation of projects in the following priority areas negotiated with EC: extending support to the reforms in the public administration and judiciary, improving transparency and financial control, counteracting corruption and fraud.
The financial memorandum on the national Phare program for Bulgaria for 2004, part I will be implemented in the period 2004 – 2008.
Source: Bulgarian National Radio