The R&D Program of the European Union
For about a decade the State of Israel has been operating as an associate member in the R&D program of the European Union. This program is the largest research and development program in the world today, and its budget in the seventh framework program for the years 2007 – 2013 is about 75 billion euro in grant terms. Israel, as mentioned, is a member for all intents and purposes in this program and our firm takes an active part in assisting Israeli companies in this subject since Israel started participating in it.
Our firm’s functions in these activities are expressed in providing consulting services to Israeli companies regarding everything connected with the suitable method of reporting to the European Union. In preparing internal accounting work procedures whose object is to meet all the reporting demands on the one hand and producing the best from the reporting system on the other hand. These activities are done inter alia, through EFP Consulting Ltd. www.efpconsulting.com, in which we are partners.
This company established a financial help desk in Europe which is the know-how basis and professional assistance on accounting matters. This center is the largest and most important in the framework of the European R&D program: www.finance-helpdesk.org. One of the Company’s important activities in which we take a central part, is the active participation in giving lectures in Europe in connection with all the accounting subjects connected with the R&D program.