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Our experts have been involved in research and innovation related projects since 1999. In this section we summarize what you need to know on FP7, the rules of applying for a grant and how to manage a running project.
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Does that sound really
complicated? If you want to understand the system and the concept behind, look through this explanatory part. |
Direct grants support the common
EU objectives. These include European Union programmes that beneficiaries - normally in partnership - can directly apply for to the EC. Typically you compete on a European (even world-wide) level and sign a contract with the European Commission. |
Indirect grants support normally national / regional objectives. You compete on national/regional
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Get to know other funds which give grants e.g. EUROSTARS, ERA-NET, EUREKA, Visegrad Fund, or find support outside the EU budget e.g. World Bank, Norwegian Fund, etc. or even find supplementary
sources that are not necessarily grants e.g. EBRD, EIF, EIB. |

Period: 2007-2013
Budget: EUR 30-40 million annually
Link: http://ec.europa.eu/economy_finance/eu_borrower/macro-financial_assistance/index_en.htm
This instrument is used solely for supporting economic transition in medium income countries by promoting policies that are tailored to specific country needs with the overall objective of stabilizing the financial situation and establishing market-oriented economies.
Objectives
- Supporting political and economic reforms
- Stabilising financial situation
- Establishing market-oriented economies
Implementation
MFA financial support is released on basis of the fulfilment of economic and financial conditions set out in the Memorandum of Understanding agreed between the Commission and the authorities of the recipient country. The support generally takes the form of medium/long-term loans or grants, or a combination of these, and it implemented in association with support programs from the IMF and the World Bank. The support from MFA, in certain cases, can be combined with contributions from other external assistance programmes to create synergies and to facilitate the implementation of reform measures. For each country, the combination of different instruments to be used is decided in the Country Support Strategy (or country Action Plan). As a rule, the funds are paid to the Central Bank of the beneficiary country, but their final destination is generally left to be decided by the authorities in agreement with the IMF.
Eligibility
The assistance is primarily concentrated on the Balkan countries (Albania, Bosnia and Herzegovina, and Serbia and Montenegro), particularly those that formerly comprised the Republic of Yugoslavia. In addition to these, according to a Council decision, a few Newly Independent States (Ukraine, Belarus, Armenia, Azerbaijan, Tajikistan, Kazakhstan, Georgia, Tajikistan, Kyrgyz Republic, Moldova, and Russia) and the countries of the Mediterranean, a region that also receives other forms of macroeconomic support under the ENPI.













