FDBusiness.com

European Commission to Recover €57 Million of CAP Expenditure From Member States

 Breaking News
  • KK Foods Plans £5.5 Million Expansion KK Fine Foods, a leading frozen food manufacturer based at Deeside in Wales, is set to expand and diversify with support from the Welsh Government, creating an additional 40 new...
  • Nestlé Launches Fund to Boost Packaging Innovation Nestlé has announced that it will invest up to SFr2 billion (€1.86 billion) to lead the shift from virgin plastics to food-grade recycled plastics and to accelerate the development of...
  • Bosch Packaging Technology is Now Syntegon Syntegon Technology is the new name for Bosch Packaging Technology, following the sale of the former Bosch division. Headquartered in Waiblingen, Germany, Syntegon Technology’s business focus is on intelligent and...
  • Nestlé Launches New KitKat Gold in the UK Nestlé has unveiled a unique addition to its biggest confectionery brand – the new KitKat Gold. KitKat Gold is a combination of trademark crispy wafer on a smooth milk chocolate...
  • 789 Food and Drink Acquisitions in 2019 2019 broke records again for the number of food and drink transactions around the world, with 789 registered on the Zenith Global mergers and acquisitions database, an average of 15...

European Commission to Recover €57 Million of CAP Expenditure From Member States

European Commission to Recover €57 Million of CAP Expenditure From Member States
July 16
12:00 2014

A total of €57 million of EU agricultural policy funds, unduly spent by Member States, is being claimed back by the European Commission under the so-called clearance of accounts procedure. However, because some of these amounts have already been recovered from the Member States the financial impact will be some €52 million. This money returns to the EU budget because of non-compliance with EU rules or inadequate control procedures on agricultural expenditure. Member States are responsible for paying out and checking expenditure under the Common Agricultural Policy (CAP), and the Commission is required to ensure that Member States have made correct use of the funds.

Under this latest decision, funds will be recovered from 15 Member States: Belgium, the Czech Republic, Denmark, Germany, Spain, France, Italy, Latvia, Hungary, Poland, Portugal, Slovenia, Finland, Sweden and the UK.

Within this global figure of €57 million, the most significant individual correction is €20.04 million charged to France for weaknesses related to the allocation of entitlements.


Warning: count(): Parameter must be an array or an object that implements Countable in /home/fdbusiness/public_html/wp-content/themes/legatus-theme/includes/single/post-tags.php on line 5
Share

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

[eventlist]

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements