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“Unibail has approval to build an even larger building, a 69-story 984-foot-high tower called Phare that will cost €900 million.”
“The Phare Project, which provides funding and support to EU applicant countries and new member states, is set to rescind at least $390 million in unspent grants, and possibly triple that amount.”
“Third indent - The catalytic effect of Phare money in activities led by international financial institutions has been assessed as far as possible.”
“The overall objective of the Phare programme is to help candidate countries prepare for EU-membership.”
“But a large part of the cash ends up in a black hole, the court found in an audit, which covers projects initiated from 2000-2004, involving €511 million of Phare cash for Bulgaria and €1.4 billion for Romania.”
“Second indent - Rules and practices regarding co-financing for Phare have been enhanced in the last years.”
“This also helps to avoid overlap with existing projects financed from sources other than Phare.”
“The usual fleet of the [border police] is a Russian-built car, costing one third of the price of the car delivered under Phare and with cheaper spare parts, said the report.”
“Phare funds are channelled by the European Commission to candidate states in order to prepare their administrations for accession, as well as to boost economic competitiveness.”
“In addition, a comprehensive overview of the Phare staff dedicated to the projects by Implementing Agencies has been required and presented to the Joint Monitoring Committees in 2005 and taken into account in the programme 2005.”
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