The ‘Balkan-Mediterranean 2014-2020’ is a new transnational cooperation programme bringing together five countries, three EU member states (Bulgaria, Cyprus and Greece) and two candidate countries, Albania and Macedonia. The BalkanMed Programme’s overall objective is to build on shared territorial assets and promote integrated territorial development and cooperation for a more competitive and sustainable Balkan – Mediterranean area. To meet its overall objective the BalkanMed Programme is built on two priorities: Priority Axis 1: Entrepreneurship & Innovation Priority Axis 2: Environment The Balkan – Mediterranean Programme is co‐financed by the European Regional Development Fund (ERDF) with EUR 28.330.108. The total support from the IPA fund accounts for EUR 5.126.138. Therefore, the total budget of the Programme, including national contribution, is EUR 39.727.654. For the overall cooperation area, a co‐financing rate of 85% is applied. More information is available here.