CAST Flashcards
most common challenges of SME
- liquidity problems - ability to cover immediate or short terms debts and responsibilities - acquisition of costly goods at the beginning of the proejcts
risk mitigation measures of SME
- plan expenses and projects in advance - know when to expect the EU payments
an audit can happen
even after the project is over, up to 2 years.
European charter of fundamental rights
- it became legally binding with the Lisbon treaty - into force on 1 dec 2009 - there is a fundamental rights agency - there was a British, a polish and a czech protocol
OLAF
- is the European anti-fraud office - in brussels - may examine corruption and serious misconduct within the EU institutions
meaning of direct management
a project’s funding is directly managed by the EU (management of the budget of projects carried out by its departments, at its headquartes, in EU delegations or executive agencies.
Europe 2030 energy goals
- 40% cut in GHG emissions compared to 1990 levels - at least 27%share of renewable energy consumption - support the completion of the internal energy market by achieving the existing electricity interconnection target of 10% by 2020, 15% by 2030.
a project that does not achieve its full objective
costs that are not justified cannot be payed
grant when there are irregularities with the project
reductions may be applied if substantial error, irregularities, fraud, series breach of obligations during the award procedure, including improper implementation, submission of false information, failure to provide required information, breach of ethical principles, systematic errors, irregularities or fraud/serious breach of obligations in other grants that have a material impact on the grant
who owns pre-financing
pre-financing is cash advance. if the recipient does not incur in eligible expenses, he has the obligation to return it to the EU.
when a project raises ethical issues
get the stakeholders sign a ethical declaration document
Structural fund examples
cohesion fund (CF) the european maritime and fishiries fund (EMFF) the European Agricultural Fund for Rural Development (EAFRD) the European Social Fund (ESF) the European Regional Development Fund (ERDF).
Structural fund
Every EU region may benefit from the ERDF and ESF. However, only the less developed regions may receive support from the Cohesion Fund.
pre-financing payment
made to the coordinator of the porject
Guarantee fund
- usually 5% of the total grant - not available for distribution until the end of the project - part of the pre-financing
European court of auditors (ECA)
- independent external auditor - luxembourg - 1 member for each MS - looks after the interests of the EU taxpayers - check that EU funds are correctly accounted for, are raised and spent in accordance with the relevant rules and regulations and have achieved value for money.
shared management
- 80% of the EU funding is managed under programmes jointly administrated by the EU and national authorities
EU budget
- final endorsement by EP - budget for a year s determined in advance - the annual budget must remain within a ceiling determined by the MFF (multiannual financial framework). - consensus of the majority of the MS is required
2014-2020 budget - buggest heading
- sustainable growth:natural resources - smart and inclusive growth - security and citizenship - global europe - administration - compensations.
time limit to sign a grant aggrement
3 months
subsidiarity
- article 5 of the EU treaty - social and political issues are dealt with the most immediate level that is consistent with their resolution.
EU languages
24
limite for a low value tender procedure
not exceeding 60 000e
IAS
- Internal Audit service - provides independent advice, opinions and recommendations on the quality and functioning of internal control systems inside the Commission, EU agencies and other autonomous bodie
INEA
- Innovative and Network Executive Agency
- ERCEA =REA
European Research Council Executive Agency
EASME
- EASME - Executive Agency for Small and Medium-sized Enterprises
Chafea
Consumers, health, agriculture and food execuive agency
EACEA
Education, audiovisual and cultural EA
Ombudsman
An ombudsman, ombud, or public advocate is an official who is charged with representing the interests of the public by investigating and addressing complaints of maladministration or a violation of rights
EIT
- European Institute of Innovation and Tecnhology - independent of the EU - Sept 2008
MFF
= financial prespective - 7 years - 2014-2020–> 2021-2027? (1 trilion H2020; 9.4% Erasmus+) - Financial regulation: 966/2012; 1268/2012
2018 EU budget
160m€
Smart and inclusive (heading or broad policy areas)
Competitiveness for growth and jobs: includes research and innovation; education and training; trans-European networks in energy, transport and telecommunications; social policy; development of enterprises etc. Economic, social and territorial cohesion: covers regional policy which aims at helping the least developed EU countries and regions to catch up with the rest, strengthening all regions’ competitiveness and developing inter-regional cooperation.
Sustainable growth:natural resources
: includes the common agricultural policy, common fisheries policy, rural development and environmental measures.
security and citizenship (heading)
Security and citizenship: includes justice and home affairs, border protection, immigration and asylum policy, public health, consumer protection, culture, youth, information and dialogue with citizens.
Global europe (heading)
covers all external action (‘foreign policy’) by the EU such as development assistance or humanitarian aid with the exception of the European Development Fund (EDF) which provides aid for development cooperation with African, Caribbean and Pacific countries, as well as overseas countries and territories. As it is not funded from the EU budget but from direct contributions from EU Member States, the EDF does not fall under the MFF.
administation
Administration: covers the administrative expenditure of all the European institutions, pensions and European Schools.
compensations
: temporary payments designed to ensure that Croatia, who joined the EU in July 2013, does not contribute more to the EU budget than it benefits from it in the first year following its accession.
H2020 defintion
Horizon 2020 is the biggest EU Research and Innovation programme ever with nearly €80 billion of funding available over 7 years (2014 to 2020) – in addition to the private investment that this money will attract.