Seanad debates
Thursday, 27 March 2003
Employment Permits Bill 2003: Second Stage.
It was agreed at that summit that the new member states will receive a rural development package which will be specifically adapted to their requirements and which will have more favourable conditions than those applied to the current EU member states. The amount available for the ten candidate countries is fixed at €5.1 billion for 2004 to 2006. Direct aids for the new member states will be phased in over ten years. They will thus receive 25% of the full EU rate in 2004, rising to 30% in 2005 and 35% in 2006. This level can be topped up by 30% up to 55% in 2004, 60% in 2005 and 65% in 2006. Until 2006, the top-up payments can be co-financed by up to 40% from their rural development funds. From 2007, the new member states may continue top-up EU direct payments by up to 30% above the applicable phasing-in level in the relevant year, but financed entirely by national funds.
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