Financing Agreement ratified- projects to be launched in October

Submitted by Henna on 08.08.2018 - 14.23

The State Duma of the Russian Federation ratified the Financing Agreement of the Karelia CBC Programme on 26th July and president Putin signed Federal Law On Ratification of the Agreement on Financing and Implementing the Karelia Cross-Border Cooperation 2014–2020 Programme on 3rd of August.

The Financing Agreement enters into force on the first day of the second month following the date on which the European Commission receives the notification from the Russian Federation. In practice this means that the Agreement comes into force on 1st of October 2018 and the Managing Authority will be able to sign the Grant Contracts on that date, the earliest. The very earliest date a project can be launched is thus 2nd of October.

The contracting process is in full speed and it is expected that most of the grant contracts for the selected 28 regular and 13 micro projects can be signed in October. The project partners can decide whether they want to launch their projects in October or later.

Additional information:

Programme Director Marko Ruokangas, marko.ruokangas[at]kareliacbc.info