The European Commission Has Approved The Allocation Of 97 Million Euros For The Cross-border Cooperation In The Baltic Region

The European Commission on Tuesday approved the allocation of the 97 million Euros aid to cross-border cooperation in the Baltic region. As the RIA Novosti correspondent reports this aid for the period of 2000-2006 is aimed at the cross-border cooperation between Denmark, Germany, Sweden and Finland. And it also spreads to Norway, Estonia, Latvia, Lithuania, Poland, Russia and Belarus. The European Commission believes that this aid should also attract additional investments of 85 million Euros from the government sector of the member-countries of the European Union, 4 million Euros - from the private sector, and 32 million Euros - from other sources, including the European programme for technical assistance (Phare), and Norway's due. As a whole, these resources will amount to 218 million Euros.