European Agency for Reconstruction: creation and operation

PURPOSE : to incorporate in a new Regulation the provisions for the European Agency for Reconstruction. CONTENT : This Agency was established by Regulation 2454/1999/EC of 15 November 1999 amending Regulation 1628/96/EC, which is the legal basis for implementing the assistance provided under the Obnova Regulation. The proposal for a Regulation on assistance to Albania, Bosnia and Herzegovina, Croatia, the former Yugoslav Republic of Macedonia and the Federal Republic of Yugoslavia repeals Regulation 1628/96/EC. The provisions on the creation and operation of the European Agency for Reconstruction are, therefore, incorporated into a new proposal for a Regulation, with a few minor amendments to adapt them to the new Aid Regulation.�