No, RYCO requires budgeting and accounting with actual costs projected/incurred with the exception of the indirect/administrative costs that can be budgeted as a flat rate of not more than 7% of the total eligible costs of the project.
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Regional Youth Cooperation Office (RYCO) is an independently functioning institutional mechanism, founded by the Western Balkans 6 participants (WB 6): Albania, Bosnia and Herzegovina, Kosovo*, Montenegro, North Macedonia and Serbia, aiming to promote the spirit of reconciliation and cooperation between the youth in the region through youth exchange programs.