Press Release: Enlargement and agriculture: EUR 5.76 billion for rural development in new Member States

The European Commission decided on 14 January 2004 to fix European Union funding for the rural development for the new Member States at €5.76 billion in current prices for 2004-2006. The allocations for each new Member State are based on the amounts contained in the declaration included in the Act of Accession. They have now been converted from 1999 prices to current prices. During the accession negotiations it was agreed to allocate an envelope of €5.11 billion (at 1999 prices) out of the EU agricultural budget (EAGGF Guarantee Section) to finance rural development measures for the ten new Member States for the period 2004-2006.