ADVERTISEMENT

EU releases €300 million in aid to Palestine

Analysis

The European Union has provided €300 million ($467 million) in aid to the Palestinian people, the EU Commission announced Tuesday.

The commission said the aid has been provided to finance activities to support Palestinian refugees and the Palestinian Authority (PA)’s Reform and Development Plan. “I am very pleased that the European Commission is largely fulfilling its pledge for the Palestinians only three months after the Paris donor conference,” said Benita Ferrero-Waldner, Commissioner for External Relations and European Neighborhood Policy. “Once again this shows our strong commitment to support the Palestinian Authority in its quest for improving the lives of the Palestinian people toward a peace agreement with Israel,” she added. Of the sum, about €176 million ($274 million) will be used to allow the “continued delivery of essential public services,” which is the highest priority of the PA.

The fund will help the PA meet its obligations toward civil employees, pensioners and vulnerable sectors of Palestinian society, as well as maintain the functioning of the administration and the provision of essential public services and utilities such as electricity. The money will also help the PA clear its arrears to the private sector. All of these activities will support the people in Gaza, as well as the West Bank, according to the commission. About €14 million ($22 million) will be spent on institution building and €37 million ($58 million) will be used for public infrastructure programs. (people.com.cn)

 

ADVERTISEMENT

Estonia producer prices rise in September Figures

Estonia producer prices rise in September

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.