Memo: Portugal – Operational Programme 2007-2013: Azores

On 5 October 2007, the European Commission approved an operational programme for the Azores in Portugal covering the period 2007-2013. The operational programme falls under the Convergence Objective and accounts for a total budget of approximately €1.2 billion. The aid provided by the European Union (EU) under the European Regional Development Fund (ERDF) amounts to some €966 million, which represents around 4.5% of Community contributions to Portugal in the framework of the cohesion policy 2007-2013.

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