European Funds Financial Management Mario Borisic
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Transcript of European Funds Financial Management Mario Borisic
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Introduction• Briefing• On topic and its significance:
-Getting information on financial sources and available European Funds for entrepreneurs
-Introducing the European Funds budget structure and financial reporting
-Role and development of entrepreneurship, activities related to application submission to pre-accession European Funds
• Working mode: theoretical base, practical experience, drills, guests
• Working rules: informational base and practical experiences
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ObjectivesTrain the participants to:
OBJECTIVE 1: Provide the participants with basic knowledge of the EU pre-accession support instruments
OBJECTIVE 2: Which programmes – The way the company succeeded with the EU Funds assistance
OBJECTIVE 3: How to apply for the programmes in future / EU Funds
OBJECTIVE 4: Which funds/ competitions for the concerned entrepreneurs in transition
OBJECTIVE 5: Training devoted to the future marketing company promotion?
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Daily TopicsDaily activitiesDAY 1. Give brief review of the programme/ EU Funds ( IPA programmes,
what are they. , Capacity building, office for technical support and information exchange, twinning and partnership, community programmes CIP and etc.
DAY 2. Microfinancial support, pre-accession assistance services (funds)- examples of marketing promotion of the company, catalogues, fairs
DAY 3. Preparation of documentation for the application to the call DAY 4. Available resources of EU for Serbia in the period 2007- 2013DAY 5. How to apply my for EU Fund ( examples of best practice, what
can I get, advices)
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Your TrainerMARIO BORIŠIĆ
• Education: Faculty of Economics, course of studies: Finances and Accountancy, graduated in the field of Financial reports revision, number of trainings in the country and abroad
• Professional experience: Financial management and business, Banking, Financies of EU Funds, consulting
• Current employment: Regional Agency for Economic Development of Šumadija and Pomoravlje Kragujevac
• Position: Financial consultant
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Day 1
OBJECTIVES:
* Introduction with European Funds and the possibilities to apply for the assets
• Support programmes EU – IPA Funds• Irrevocable assets
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Day 1
• Significance and objectives of European integrations
• Economy system and entrepreneurship development and European Standards
• SME sector and Development projects
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Day 1
• Significance and accessibility of European Funds
• Programmes of European Funds
• Entrepreneurship development by European Funds
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Day 1
• IPA FUNDS (Instrument for Pre-Accession Assistance – IPA 2007-2013)
• IPA Funds are Development funds• Established by the European Commission with an aim of
external support provision in the budget period 2007-2013• Financial value of the IPA Funds for the defined period is
11,468 billion €• Advantages of IPA Funds• Beneficiaries of IPA Funds
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Day 1
• IPA Funds components for the period 2007-2013:
1. Transition support and institution building
2. Trans border cooperation
3. Regional development
4. Human resources development
5. Rural development
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Day 1
European Commission approved the potential candidate countries the use of the first and second IPA component in the period 2007-2013, while the project types and activities from the components 3,4,5 are to be supported within the component 1.
Serbia uses the first two components.
Purpose of the IPA Funds assets is primarily to support the reforms and development, EU standards and regulations application and further approach of Serbia to European Union.
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Day 1
COMPONENT 1: ASSISTANCE IN TRANSITION AND INSTITUTION BUILDING IN TRANSITION encompasses 3 subcomponents:
A – Political requirements: stable, modern, democratic and open society based on the rule of law support
B – Socio – economic requirements: support to economy and society development, employment increase, education, health system, programmes of competitiveness , small and medium enterprises, rural development
C – European standards: integration and building all socio-economic capacities aimed at further development
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Day 1
COMPONENT 2: TRANSBORDER COOPERATION- Trans-border cooperation support to be established between
Serbia and neighboring EU member countries, candidate countries and potential candidate countries.
- Billateral programmes
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Day 1
CIP PROGRAMME
-ENTREPRENEURSHIP AND INNOVATIVNESS PROGRAMME (EIP)
- Access to finances and SME cooperation and information exchange
- Entrepreneurship and innovation culture
- Entrepreneurship reforms and new trends
- Business making support
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Day 1
• TWINNING Programme: cooperation of member countries with concrete institutions of the candidate countries for the EU membership, aimed at national administration and law system support
• CARDS Programme: Programmes of stabilization and accession of countries to EU, related to reconstruction, development and stabilization of economic reforms and social development
• TAIEX Programme : short-term assistance to new EU member countries, candidate countries for the membership and the countries of Western Balkan
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Day 1
• COMPETITION FOR EUROPEAN FUNDS• Sources of information• Selection of the right call• General conditions for call• Application to call• Approval of the assets• Implementation of project activities• Monitoring and project activities supervision
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Day 1
• APPLYING FOR EUROPEAN FUNDS• IRREVOCABLE FINANCIAL ASSETS for SERBIAN
EXPORTING ENTERPRISES – SME SECTOR:1. FOREIGN MARKET SURVEY2. PARTICIPATION IN INTERNATIONAL ECONOMY FAIRS3. DESIGN AND NEW PACKAGES OF THE PRODUCTS 4. DESIGN AND PROMO MATERIAL PREPARATION5. ADVERTISING IN FOREIGN TRADE JOURNALS 6. OTHER ACTIVITIES AS IN CALL PROPOSAL
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Day 1
• APPLYING FOR EUROPEAN FUNDS• IRREVOCABLE FINANCIAL ASSETS FOR NEW
INVESTMENTS IN SECTORS:1. PRODUCTION2. SERVICES3. REASEARCHING AND4. DEVELOPMENT• APPROVAL OF ASSETS AND EMPLOYMENT
ENHANCEMENT, PROFIT AND MARKET PARTICIPATION
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Day 1
Sources of information for the European Funds Programmes:- Internet presentation:- seio.sr.gov.rs- merr.gov.rs- ec.europa.eu- ino.komora.net/eu/fondoviiprogrami- Technical literature, brochures, bulletins
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Day 2
OBJECTIVES:
* European funds –Micro-financial assistance, positive practice experience and Marketing promotion of the company
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Day 2
European funds – Micro-financial assistance
Projects and fields of financing• Significance for entrepreneurship development• Projects: SME sectors, clusters, associations, net
development, foreign market launch, technology transfers, services, ...
• Who can participate:- Different enterprises, institutions and individuals
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Day 2
European Funds – Micro-financial assistanceMicro-financial assistance for enterprises:1. Preparation of project proposals and programmes to be
financed through donations2. Definining donors and sources of financing3. Applying for the European Funds assets4. Realization of arrangements and project activities5. Supervision and monitoring of project implementation6. Operational-technical assistance to enterprises in activities
implementation
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Day 2
European Funds – Micro-financial assistanceActivities of Micro-financial assistance for enterprises:7. Project sustainability8. Overcoming problems of project activities and business activities
synergy9. Sinhronyzation of business, harmonization of vision, mission and
objectives of business making with donors’ assets10. Activities, clusters linking and business cooperation of project
participants
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Day 2
- How can company can become successful by deploying the European Funds assets
- Objectives of the company business and entrepreneurs - Vision, mission and business strategy- Marketing concept - Financial support - Organization and coordination of all company resources
aimed to profit generation
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Day 2
• Budget of the project as applied for the European Funds assets
• Structure of the budget • European Funds assets and co-financing• Procedurs and methodologies of running European Funds
Budgets• Harmonization of operative project activities implementation
and financing
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Day 2
• Sources of financing
• Structure of expenditures in the Budget
• Human resources as key element of Project activities
• Office operational costs and its supevizion
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Day 2
• Procurement of basics – equipment, vehicle, etc.
• Tax treatment regarding the European Funds assets use and tax, custom’s fees exemption
• Criteria of procurement and methodology. Tenders and procurement
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Day 2
• Financial reporting
• Types of financial reports and evidence
• Internal and external beneficiaries of financial reports
• Presentation of financial reports
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Day 2
• DRILL:
1. SELECT ACTIVITY AND FIELD OF BUSINESS
2. INVESTMENTS AND IRREVOCABLE ASSETS
3. BUDGET PREPARATION AND BUDGET ITEMS DEFINING
4. PROJECT ACTIVITIES PLAN AND IMPLEMENTATION MONITORING
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Day 2
• Role and function of Department of Finances and Accountancy in management European funds finances
• Knowledge and respect of legal requirements, International accountancy standards, International Revision standards, Law on Accountancy, and other legal regulations
• Financial advising and consulting• Preparation of financial reports and Budget realization
monitoring
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Day 2
• Principe of Sustainability of the Projects financed by European Funds
• Project Visibility – procedures and examples from the practice of donors in European Funds projects
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Day 2
• Consultants role in the project
• Experts engagement from the fields of specific company’s business
• Types of consulting services • Best practice and experience exchange, benchmarking• Meetings of experts• Work teams and work groups
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Day 2
European Funds Donors business assistance:- Services of informing on EU legal system and politics - Informing on financing and investments possibilities- Partner search for business-technical cooperation or
technology transfer assistance- Business Internationalization- Innovativeness and competitiveness enhancement- Business problem solving assistance, cause analysis and
defining the guideline for problems overcoming
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Day 2
• KEY FACTORS OF THE COMPANY FOR PROJECT IMPLEMENTATION:
1. Planning, organizing, and project activities leading and implementation
2. Coordination and interaction of employees and company sectors
3. Corporative organizational culture and climate
4. Consideration of all possibilities. Weaknesses, advantages, opportunities
5. Objectives, vision, mission, company strategy, orientation
6. Monitoring of significant business indicators: Income increase, Increase of employment, Profit increase, Development of product, services and their market launch, Investments and ventures
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Day 3
OBJECTIVES:
* Selection of most relevant programme and Application documentation preparation
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Day 3
• Identification of needs for some of the European Funds Programmes
• Informing on donors’ proposals and funds availability, analysis of available potentials for participation in the call
• Informing on applying conditionse• Selection of fund • Preparation of documentation for the Call• Participation in the call
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Day 3
European Funds – How to participate in the Call:
1. Grants for projects – public calls
2. Memorandums of Understanding for studies preparation and other services – call for proposal
3. Financial instruments – through financial banks intermediary or specialized funds
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Day 3
General documentation for participation:
1. Application format
2. Project description, the assistance is required for
3. Project proposal entity data
4. Project participants data
5. Cooperation agreement on project activities
6. Project Budget
7. Project co-financing
8. Other documentation as required by the Call propositions
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Day 3
- Use of the Funds assets- Project activities realization- Project Budget and finances- Reporting and monitoring project implementation- Problems in project activities implementation- Monitoring and Project control
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Day 3
- APPLICATION FOR IRREVOCABLE ASSETS: GENERAL CONDITIONS OF THE CALL AND CRITERIA
- BASIC INFORMATION ON LEGAL ENTITY, BENEFICIRY OF THE ASSETS
- VISION, STRATEGIC ORIENTATION AND OBJECTIVES- MOST IMPORTANT PRODUCTS AND SERVICES AND MARKET- COMMERCIAL PART OF THE PROJECT:product development
strategy, planned market share, distribution, etc.- ASSESSMENT OF THE COMPETITION: domestic and foreign
market, SWOT analysis of products/services, assessment of purchasing power and providers’ capacities
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Day 3
- APPLICATION FOR IRREVOCABLE ASSETS: GENERAL CONDITIONS OF THE CALL AND CRITERIA
- MARKET ANALYSIS: market growth, demand and offer, profit
- FINANCIAL PLAN AND BENEFICIARY PLAN
- PROJECT ACTIVITIES EXPENDITURES
- SOURCES OF FINANCING-ACTIVITIES:
1. Capital: domestic and foreign
2. Bank’s credits
3. Securities
4. Other sources of financing
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Day 3
- APPLICATION FOR IRREVOCABLE ASSETS: GENERAL CONDITIONS OF THE CALL AND CRITERIA
- OPPENING NEW JOB POSITIONS AND EMPLOYMENT- INVESTMENTS INTO EDUCATION AND TRAINING- INVESTMENTS INTO NEW TECHNOLOGIES AND
DEVELOPMENT: research and development activity plan, scope and time frame of investments into research and development equipment
- ENVIRONMENT IMPACT ASSESSMENT OF PROJECT ACTIVITIES AND PROJECT IMPLEMENTATION
- DESCRIPTION OF PLANNED ACTIVITIES- TIME FRAME FOR ACTIVITIES IMPLEMENTATION
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Day 3
- APPLICATION FOR IRREVOCABLE ASSETS: GENERAL CONDITIONS OF THE CALL AND CRITERIA
- HUMAN RESOURCES- PROJECT TEAM MANAGER- PROJECT TEAM MEMBERS AND ORGANISATION- PROJECT TEAM MEMBERS REFERENCIES- IMPACT ON MUNICIPALITY AND LOCAL SELF-
GOVERNMENTS DEVELOPMENT - SUPPORT OF OTHER SUBJECTS IN PROJECT
ACTIVITIES REALISATION- INVESTMENTS SUSTAINABILITY AND INVESTMENTS IN
BUSINESS CONTINUATION
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Day 3
- RS Development Fund- Credit types- Start-up credits
1. Innovation development credits
2. Short-term and long-term credits- Submission of application for credit approval- Documentation needed
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Day 3
- Business plan and its role in applying for the European and domestic funds’ assets and credits
- Business Plan Structure- Financial elements of the business plan, state and predictions
of future business parameters, incomes and expenditures of entrepreneurial company
- Financial planning role
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Day 3
Budget preparation
1. Starting points
2. Structure and projection of budget positions
3. Sources of Financement – Project value i sufinansiranje
4. Parameters of budget preparation – time frame of project duration, project value, limited assets, actions and project activities, gross amounts of expenditures
5. Redistribution of assets – budget modification
6. Budget adoption, proposals and suggestions
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Day 3
Programmes and funds
1. Pre-accession funds
2. Structural funds
3. Other external aid
4. Financial institutions and banks
5. Programmes of natural resources preservation and protection
6. Competitiveness, growth and employment programmes
7. Citizens freedoms, safety and justice programmes
8. Education and culture development programmes
9. Trans-border cooperation programmes
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Day 3
10. Competitiveness and innovation programmes11. Informatics society related programmes12. Specific economy branch related programmes13. Reforms and concrete institutions enhancement
related programmes
* See Review of budget funds/programmes of European Commission available for the period 2007-2013, Enclosure
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Day 4
Objective:
Introduction with CIP- programme for entrepreneurship and innovations,
Programme of support to Information and Communication Technologies
and Programme of Europe Inteligent energy
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Day 4
CIP STRUCTURE – PROGRAMMES AND POLICIES:
1. ENTREPRENEURSHIP AND INNOVATIVENSS PROGRAMME
2. INTELIGENT ENERGY OF EUROPE
3. POLYTICS OF INFORMATION-COMMUNICATION TECHNOLOGIES
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Day 4
CIP PROGRAMME FOR ENTREPRENEURSHIP AND INNOVATIVENESS
Objectives:• Access to finances• SME cooperation and information exchange• Innovations and eko-innovations• Entrepreneurship i innovation culture• Reforms related to entrepreneurship and innovativeness
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Dan 4.
CIP PROGRAMME FOR ENTREPRENEURSHIP AND INNOVATIVENESS
Instruments:• Financial instruments• Business support services• Innovative projects: sectors, clusters, nets, technology
transfer, services...• Analisis, development and coordination politic
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Day 4
CIP PROGRAMME FOR ENTREPRENEURSHIP AND INNOVATIVENESS
- Objective is to facilitate competitiveness of European enterprises, SME sector primarily, as well as, support to innovations, better access to capital and services for business support, wide use of Information-Communication Technologies and Informatics society development assistance
- Programme participants can be legal entities from public and private sector but not physical entities
- Grants are given for co-financing of approved project activities, not for profit generation
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Day 4
CIP PROGRAMME FOR ENTREPRENEURSHIP AND INNOVATIVENESS
1. Access to finances- Target group – small enterprises- Access to finances through provision risk capital and
guarantee capital for SME enterprises in the kick-off and expansion phase
- Possibility of guarantees, debt guarantee to encourage banks to give the loan to SMEs, decreasing the bank risk
- Assistance for capacity development of financial mediatory to invest and give loans to SME
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Day 4
CIP PROGRAMME FOR ENTREPRENEURSHIP AND INNOVATIVENESS
2. Services for SME business support- Information, advices, business cooperation, business
internationalization services- Services related to innovations, technology and knowledge
tansfer- Common research projects and technology initiatives
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Day 4
CIP PROGRAMME FOR ENTREPRENEURSHIP AND INNOVATIVENESS
3. Innovation projects- Support to development transnational nets of innovative
companies and other actors in innovation process, including benchmarking and best practice exchange
- Eco-innovations, pollution decrease and optimization of resources use by introduction of new production processes and services or business methods that decrease expenditures and bring to positive management of polluted areas – ecology clusters, pilot-projects, eco-design of packages and etc.
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Day 4
CIP PROGRAMME FOR ENTREPRENEURSHIP AND INNOVATIVENESS
4. Innitiatives, development, coordination and policy improvement:- Participation of experts in the meetings, experience
exchange, making conclusions, recommendations, knowledge transfer, analisis of results.
- Examples: education for entrepreneurship, women entrepreneurship, projects kick-off, start-up procedures, internacionalization and etc.
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Day 4
CIP PROGRAMME – EUROPE INTELLIGENT ENERGY
Objectives:- Promoting energy efficiency and rational use of resources
(e.g. Industry, constructing)- Introduction with new and renewable energy sources- Energijy in transport
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Day 4
CIP PROGRAMME – EUROPE INTELLIGENT ENERGY
- Instruments of support: pilot projects, projects transfer, promotion and dissemination of projects information, repeating successful projects.
- Executive Agency prepares public calls, carry out the procedure of selection, monitors implementation of approved programmes and sends feedback information to relevant EU bodies.
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Day 4
CIP PROGRAMME – COMMUNICTION-INFORMATION TECHNOLOGY POLITICS
Objectives:- Unique informative space (wireless access, infrastructure of
large capacities, wide accessions of content and services)- Wide acceptance and better ICT use, especially SME sector
related- Benefits of Information Societies of all citizens and public
interest services
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Day 4
CIP PROGRAMME – COMMUNICTION-INFORMATION TECHNOLOGY POLITICS
- Instruments of support: pilot projects, best practice exchange, thematic net (common travel map, ICT health service, social integration), analisis of the policy and promotion activities
- Compulsory participation of 3,4 or 6 countries in this programmes.
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Day 4
PRECONDITIONS OF EU FRAME PROGRAMME FOR
COMPTETIVENESS AND INNOVATIVENES – CIP ARE:- Participation of number of countries - Identification of adequate partner for project activities- Exchange of experience- Joining nets regarding project ideas- Selection of grants based on best criteria: complete
application, impact, significance of project, capacity of application and budget.
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Day 5
Objective:
Introduction with sources of information, presentations and possibilities of call participation for European Funds
Presentation of new forms of joint ventures with European Funds’ assets use
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Day 5
MANAGEMENT OF EUROPEAN UNION FUNDS IN SERBIA MINISTRY OF FINANCES – AND SECTOR FOR EUROPEAN UNION FUNDS
PROGRAMMING AND MANAGEMENT:- SPHERE OF ACTIONS- SECTOR ORGANISATION1. DEPARTMENT FOR PROGRAMMING AND
COORDINATION OF THE EU FUNDS AND DEVELOPMENT ASSITANCE:
- Group for coordination and EU Funds programming - Group for strategic planning, monitoring and reporting
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Day 5
MANAGEMENT OF EUROPEAN UNION FUNDS IN SERBIA
2. DEPARTMENT FOR MANAGEMENT OF TRANSBORDER, TRANSNATIONAL AND REGIONAL COOPERATION PROGRAMMES
- Group for the programmes of trans-border cooperation with EU member countries
- Group for the programmes of trans-border cooperation with EU candidate countries and potential candidates
- Group for maintenance and development information systems related to monitoring EU Funds donations and development assistance
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Day 5
MANAGEMENT OF EUROPEAN UNION FUNDS IN SERBIA MINISTRY OF FINANCES –
II SECTOR FOR NATIONAL FUND FOR EU ASSETS MANAGEMENT
1. GROUP FOR FINANCIAL MANAGEMENT
2. GROUP FOR FINANCIAL CONTROL
3. GROUP FOR DECENTRALIZED MANAGEMENT OF EUROPEAN UNION FUNDS
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Day 5
MANAGEMENT OF EUROPEAN UNION FUNDS IN SERBIA MINISTRY OF FINANCES –
III SECTOR FOR CONTRACTING AND FINANCING PROGRAMMES WITH EUROPEAN UNION ASSETS
1. Group for project management, financial management, control and reporting
2. Group for carrying out public procurement procedures
3. Group for quality control
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Day 5
EUROPEAN FUNDS AND ENTREPRENEURSHIP DEVELOPMENT
- DEVELOPMENT OF SME SECTOR OUT OF EUROPEAN FUNDS
- SOURCES OF INFORMATION RELEVANT FOR SMEs IN SERBIA
- INTERNATIONAL STANDARDS OF PRODUCTION AND SERVICES INTRODUCTION
- INCREASE THE QUALITY OF BRAND NAME AND MARKET SALE STABILITY
- RECOGNIZABILITY IN RELEVANT ECONOMY SECTOR AND “PATTERN” FOR OTHER COMPANIES
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Day 5
EUROPEAN FUNDS AND ENTREPRENEURSHIP DEVELOPMENT
FINANCIAL EFFECTS OF ENTERPRISES AND SME SECTOR PARTICIPATION IN EUROPEAN FUNDS PROGRAMMES
SME BUSINESS DEVELOPMENT AND KEY ECONOMIC INDICATORS
INVESTMENT POLICY INTERNATIONAL COOPERATION FORMATION OF BRANCH ASSOCIATIONS AND
CLUSTERS OF ACTIVITIES
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Day 5
Introduction with Clusters
Clusters are groups of industry or companies mutually connected regarding the buy and sale, sharing the same client base, infrastructure, skills and whose connections enhance the competitiveness of participants.
- Based on system connections - Geographically limited- Defined by economic, demographic, cultural and other
regional characteristics.
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Day 5
ADVANTAGES OF CLUSTER’S MEMBERSHIP:- Lower business costs: e.g. Procurement is made at cluster’s
level that decrease the expenses, lower price and cheaper transport, as well as, decrease of the material stock due to establishment optimal stock system at the level of the group of companies.
- Lower new product and services development expenses- Technical –technological knowledge and information
exchange- Presence on foreign-markets- Prospects of larger investing and investments- Better funds’ access, favorable credits and sources of
financing
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Day 5
MODEL OF CLUSTER ESTABLISHMENT 1. Establishment of infrastructural support for clusters
development2. Identification of possibilities for cluster establishment within
the territory3. Activities of cluster establishment and labour force training
Development and application of modern technologies and entrepreneurial ideas support
4. Establishment of organizational and managerial structure5. Marketing enhancement6. Investment in clusters development
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Day 5
• GUEST • TOPIC: CLUSTERS AND SME SECTOR DEVELOPMENT
WITH IRREVOCABLE ASSETS; RESULTS OF FINANCING • POSITIVE AND NEGATIVE EFFECTS OF FINANCING• INTERNATIONAL COOPERATION OF DOMESTIC
ENTERPRISES WITH FOREIGN ENTERPRISES AND SME SECTOR
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Day 5
• USE OF EUROPEAN FUNDS ASSETS• FINANCIAL MANAGEMENT STRATEGY• FINANCIAL POLICY• FINANCIAL REPORTING• KNOWLEDGE OF INTERNATIONAL
STANDARDS FROM THE DOMAIN OF ACCOUNTANCY, FINANCIAL OPERATIONS AND HARMONIZATION WITH LEGAL SYSTEM HERE
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Day 5
• INTERNATIONAL COOPEARTION OF DOMESTC ENTERPRISES AND EUROPEAN IN SME SECTOR
• FIELDS OF COOPERATION IN SME SECTOR• WAYS OF COOPEARTION • RAISING THE LEVEL OF COMPETITIVENESS AND
BUSINESS EFFICIENCY • JOINT VENTURES AND INVESTMENTS
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Day 5
• INTERNATIONAL COOPEARTION OF DOMESTIC AND EUROPEAN ENTERPRISES IN SME SECTOR
• PREPARATION OF ENTERPRISES FOR FOREIGN MARKET LAUNCH
1. UNDERSTANDING LEGAL, TAX AND CUSTOM REGULATIONS OF THE FOREIGN MARKET TO BE ACCESSED
2. COMMUNICATION WAYS AND BUSINESS SPECIFICITY OF RELEVANT FOREIGN MARKET
3. SME SUPPORT PROGRAMMES 4. ROLE OF CHAMBER OF ECONOMY
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Day 5
• CAPACITIES AND POSSIBILITIES OF THE COMPANY TO MANAGE PROJECT ACTIVITIES FINANCES
• LIMITATIONS AND BARRIERS • CONSULTING AND FOLLOWING SERBIAN AND
EUROPEAN REGULATIONS • BUSINESS ADVISING AND PROJECT ACTIVITIES
IMPLEMENTATION• FINANCIAL REPORTS AND MONITORING OF FINANCES
EXPENDITURES APPROVED FOR CONCRETE PROJECT
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Day 5
Drill: 1. Linkage of business activity and European Fund,
for example: which cluster would you establish and how would you apply for the European Fund assets
2. Proposal of project activities, with special stress on project budget
3. Potential results of project activities and strategy of sustainability
4. Disbursement of assets
