GUAM countries (Georgia, the Ukraine, Azerbaijan, and Moldova) will receive €915mln ($1.2bln) from the European Union during 2007-2010 for implementation of different projects, according to the representative of the EU Committee on Economy and Social Policy, Marius-Igen Opran. He participated in the Baku summit of GUAM which ended on 19 June.
The funds are intended for assistance in integrating Eastern Europe into European organizations.
"Owing to this program, Azerbaijan will receive €92mln during 2007-2010, Georgia €120mln, Moldova €209mln, and the Ukraine €494mln," the EU representative stated, according to UNIAN reports. According to Opran, an individual plan of action has been developed for each of the countries. Each of the programs provides for development of energy, infrastructure, and transport.
The EU is ready to finance development of feasibility studies of oil pipelines, as well as the development of production projects for biodiesel fuel.