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EN Regional Policy EUROPEAN COMMISSION THE BASICS OF THE LOTHAR SYSTEM Carsten Rasmussen European Commission DG Regional Policy Unit I.2 Bulgaria.

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Presentation on theme: "EN Regional Policy EUROPEAN COMMISSION THE BASICS OF THE LOTHAR SYSTEM Carsten Rasmussen European Commission DG Regional Policy Unit I.2 Bulgaria."— Presentation transcript:

1 EN Regional Policy EUROPEAN COMMISSION THE BASICS OF THE LOTHAR SYSTEM Carsten Rasmussen European Commission DG Regional Policy Unit I.2 Bulgaria

2 Regional Policy EUROPEAN COMMISSIONContent 1.Background information What is LOTHAR ? Why should we monitor each OP financial performance? What are the key principles? 2.How to use LOTHAR 3.The current state of play

3 Regional Policy EUROPEAN COMMISSION Lothar comprises 3 Excel files 2 Flash tables establish the current state of play and compare it with the forecast An N+3 file establishes a reliable forecast and monitors its implementation.

4 Regional Policy EUROPEAN COMMISSION Why should we monitor each OP financial performance? To prevent losing funds in line with N+3/2 rule. The targets for 2013, 2014 and 2015 will be difficult and planning should take this into account To have time and a sound basis for corrective action in case of underperformance (e.g. launch of additional calls etc). To timely reallocate funds between axes and OPs when necessary To be able to analyze quickly performance at the level of OP, Priority axis and Operation

5 Regional Policy EUROPEAN COMMISSION

6 Regional Policy EUROPEAN COMMISSION

7 Regional Policy EUROPEAN COMMISSION Because of Bulgaria's backloaded commitment profile (where the 2007 allocation is 3 times less than the 2013 allocation), the 7% advance payment will make it very easy to meet the 2010 commitment target The 2011 target is thus the first real N+3 target, which can only be reached through net performance (i.e. reimbursement claims). The most difficult N+3 target is 2013, as it cumulates the commitments from 2010 (N+3) and 2011 (N+2). The key principles

8 Regional Policy EUROPEAN COMMISSION The key principles Already in 2008 it is important to understand that the relevant minimum targets are N+3/ and 2014 Measure performance against the net N+3/2 targets, because the automatic advance payments should be certified to the Commission by 2015 The LOTHAR system will be only good, useful and functioning if it is prepared carefully on the basis of reliable data !!!

9 Regional Policy EUROPEAN COMMISSION What is behind the N+3 chart OP level Priority axis 1 Operation 1 Call 1/ Major project 1 Funds Contracted Funds paid to beneficiaries Funds certified to the Commission Call 2/Major project 2... Call 3/Major project 3... Operation 2.. Operation N Priority axis 2..Priority axis N

10 Regional Policy EUROPEAN COMMISSION A Global OP chart

11 Regional Policy EUROPEAN COMMISSION OP Environment – PA chart

12 Regional Policy EUROPEAN COMMISSION How to use LOTHAR Create a baseline (2) Monitor against the baseline performance (3) Establish a new baseline (4) Flash tables (1)

13 Regional Policy EUROPEAN COMMISSION The current state of play N+3 file, flash table for calls, flash table for major projects & guidance Forecasts prepared for the ERDF&CF OPs Coordination by the MoF The LOTHAR system is owned by the Bulgarian MAs The forecast frozen for a year The Flash tables are to be updated regularly Seminar to review the state of play to be scheduled for September

14 Regional Policy EUROPEAN COMMISSION Questions ?


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