Greenland’s government is to receive a cash injection from the European Union to help support training efforts. The subsidy of 200 million kroner (USD 33 million) will be given to the country every year until 2013 to help boost Greenland’s educational facilities.
Greenland must produce reports explaining how the money is being used and the results of training in exchange for a cut of the cash. The current EU-Greenland partnership is to be evaluated and renegotiated next year, when a new agreement for the period of 2014 to 2020 will be reached.
Last year, the country achieved 97 percent of stated objectives and received almost 100 percent of the 200 million kroner kitty. The money makes a big different to Greenland and its annual budget, according to Siku News.
Along with the fisheries agreement, the EU assistance sees around 320 million kroner (USD 52 million) pumped into to Greenland each year. This amounts to around 5.3 percent of the government’s total revenues for 2010. A spokesperson for the EU said the money was offered “to support Greenland’s exceptional education efforts.”