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The cohesion policy accounts for almost one third of the EU's budget, equivalent to almost EUR 352 billion over seven years in 2014-2020, [22] and EUR 392 billion in 2021-2027, [1] dedicated to the promotion of economic development and job creation, and for helping communities and nations get ready for the European Union's transition to a more ...
The European Commission has adopted a draft legislative package which will frame cohesion policy for 2014–2020. The new proposals are designed to reinforce the strategic dimension of the policy and to ensure that EU investment is targeted on Europe's long-term goals for growth and jobs ("Europe 2020").
The European Council meetings held in Lisbon, 26-27 June 1992, and Edinburgh, 11-12 December 1992, agreed the establishment of the Cohesion Fund. [2] This was formalized in 1993, as part of the Delors II package of the Treaty of Maastricht, with the goal of reinforcing the regional policy of the EU. [3]
Interreg IV covered the period 2007–2013. Interreg V (2014–2020) covers all 27 EU member states, the EFTA countries (Norway, Switzerland, Iceland, Liechtenstein), six accession countries and 18 neighbouring countries. It has a budget of EUR 10.1 billion, which represents 2.8% of the total of the European Cohesion Policy budget. [1]
It is the European Union's main financial instrument for supporting employment in the member states of the European Union as well as promoting economic and social cohesion, created by merging the existing European Social Fund with the EU Fund for European Aid to the Most Deprived (FEAD) and the EU Programme for Employment and Social Innovation ...
The five Priority Sectors (PSs) and related 23 Programme Areas (PAs) funded in the 2014–2021 period [15] reflect the priorities set out in the 'Europe 2020 Strategy' – the European Union's ten-year growth strategy for smart, sustainable and inclusive growth – and the EU's 11 cohesion policy objectives.
The flag of Bulgaria next to the flag of Europe. Since its accession in the European Union in 2007, [1] Bulgaria has been part of the EU's Cohesion Policy.This program introduces financial instruments, also known as the European Structural and Investment Funds, which aim to reduce the gap between different regions of the EU and improve their economic wellbeing.
The CoR's 2013 budget (€36.5M) represents 0.06% of the total EU budget which makes it the third smallest EU institution in terms of budgetary needs. Its 2014 budget (€90.2M) breakdown according to purpose of expenditure is as follows: 39.7% – Consultative Works (€35.8M); 30.3% – Translation, Interpretation and Print (€27.2M); 30% ...