EU transfers €10.7 bln in Dec. 2013

The European Union transferred €1.077 billion in December to Poland, the Finance Ministry released in a statement on Tuesday. Current transfers accounted for €473.26 million, while capital tranfers amounted to €604.42 million. Poland received €754 million in cohesion funds, which breaks down into €500 million from the Cohesion Fund, €219 million from the Structural Fund, and €35 million from the ISPA fund. Additionally, Poland received €322 million in funds from the Common Agricultural Policy. Meanwhile, Poland paid in €289.12 million to the EU budget in Dec. 2013. In 2013, total EU transfers amounted to €15.64 billion, while Poland paid in €4.44 billion into the EU coffers.