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Friday, December 24, 2004

EUbusiness - Turkey hopes EU will increase financial aid after 2006

"Turkey hopes EU will increase financial aid after 2006Document Actions 24/12/2004

EU membership candidate Turkey is unhappy with the amount of financial support its receives from the European Union and hopes the funds will gradually increase after 2006, a senior official said Friday. 'The financial aid allocated for Turkey is insufficient when compared to the funds the other candidates receive,' the official who is closely involved in EU-Turkey affairs said on the condition of anonymity. The Union has allocated 1.7 billion euros for Turkey in the period between 2000 and 2006, while tiny Bulgaria, for instance, with a population barely a ninth of Turkey's, has been allocated 2.8 billion euros for the same period. The funds are intended to help the candidate countries adapt to the Union's norms inscribed in tens of thousand of pages of legislation as they prepare for membership. "

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