Commission fixes rural development funding purse for new Member States 

The 5.76 billion euro purse earmarked by the Commission for agricultural development funding in the new Member States is to be allocated according to the terms and amounts laid down in the Act of Accession. Following the new Member States' accession on 1 May 2004, the EU will co-finance a broad range of rural development projects at a maximum rate of 80 per cent.

The annual initial allocations agreed by the Commission are as follows (million euro, in current prices):

 

	2004	2005	2006	2004-2006
Czech Republic	163.3	182.0	197.5	542.8
Estonia	45.3	50.4	54.8	150.5
Cyprus	22.5	25.1	27.2	74.8
Latvia	98.7	110.0	119.4	328.1
Lithuania	147.3	164.1	178.1	489.5
Hungary	181.2	201.9	219.2	602.3
Malta	8.1	9.0	9.8	26.9
Poland	862.4	961.0	1,043.0	2,866.4
Slovenia	84.7	94.4	102.5	281.6
Slovakia	119.5	133.1	144.5	397.1
Total				5,760