The Greek government has earmarked more than 2.0 billion euros to support the country’s agricultural economy through the financing thousands of projects around Greece, Agricultural Development and Foods Minister Costas Skandalidis announced on Wednesday.
Speaking to reporters during a press conference, Skandalidis said the ministry has managed to achieve a 39.1 pct absorption rate of EU funds by simplifying procedures and obtaining all necessary approvals.

The Greek minister said that projects budgeted at 758 million euros would be launched by the end of July, and additional projects -budgeted at another 320 million euros- would be launched by the end of 2011, such as a dam at Asopos river, a dam in Nestorio and the water networks of Axios River.