Financial data

Pursuant to Law 4310/2014, ΕΕΑΕ as a regulatory authority enjoys complete administrative and financial independence.

ΕΕΑΕ is financially supported by two sources:

  • government funds and
  • revenues from services, fees, funding of research and development projects (Special Account).

The government financial support is mostly used to cover the annual national contributions to international organizations (OECD, IAEA). The rest of the governmental budget covers personnel costs and a small part of operational costs. 
Most of the operational expenses (including equipment and consumables) and a significant part of salaries are covered by EEAE's Special Account; that is by self-financing.

Regarding 2014:

  • the proportion of contribution of each financial source to the revenues for the year 2014, has been 40% from the State budget and 60% from the Special Account,
  • the increase in the governmental budget is due to the increased funds for the annual national contributions to international organizations. This amount reached 69% of the total revenues from the State budget in 2014
  • for another year EEAE achieved to retain a surplus budget. The amount of invoiced revenues of the Special Account reached 4.088.860,39 euros, presenting an increase by 10% compared to 2013.
  • the amount of the expenses of the Special Account reached 2.328.595,36 euros, indicating an increase by 15% compared to 2013.

In article 45 of Law 4310/2014 it is provided that the fees and any fines collected by EEAE are used for funding the costs of any nature, as required to ensure sufficient financial and human resources for the support of EEAE work, in order to achieve its goals and responsibilities and to improve its efficiency. Upon EEAE decisions, ΕΕΑΕ reserve funds are used for the needs of its purposes and responsibilities, and to fully meet potential needs arising from its operation as a European Regional Training Centre, in accordance with the long term agreement with the IAEA, ratified by the Law 4085/2012.

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