EPCO - EUROSYSTEM PROCUREMENT COORDINATION OFFICE

The Governing Council created a Eurosystem Procurement Coordination Office (EPCO) to coordinate joint procurement and appointed the Banque centrale du Luxembourg to host EPCO for the period from 1 January 2008 to 31 December 2012.

In October 2012, the Governing Council decided to prolong this arrangement until 30 June 2014.

An assessment of the future functioning model of EPCO will be carried out during this period.