Press Release: Better EU budget transparency as Commission discloses beneficiaries of funding

As part of the European Transparency Initiative to improve the openness and accessibility of EU institutions, the Commission is publishing information about end-beneficiaries of centrally-managed EU funds on its EUROPA website. From 10 October 2006, two web sites containing information on EU grants and public contracts will be available to the public. The move follows a communication in November 2005 calling for increased transparency about the EU's handling of responsibilities and funds entrusted to it by European citizens.