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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 billions withheld mostly concern “cohesion funds” earmarked for Hungary. This envelope of money, one of the biggest slices of the 27-nation bloc’s budget, helps countries maintain their ...
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").
Cohesion Funds cover seven-year funding periods: Up to 31 December 2006. [2] 2007-2013; 2014-2020; 2021-2027; Originally, the traditional recipients of these funds were Greece, Portugal, Spain and Ireland, among others; but since new countries joined the EU in 2004, 2007 and 2014, the funds have been located mainly in Central and Eastern Europe ...
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 ...
Finally, on 10 November 2020, the European Parliament and the Council reached a definitive agreement which integrates the 2021–27 MFF of €1074.3 billion and the temporary instrument for recovery of Next Generation EU of €750 billion. [23] [24] The deadline for the presentation of national plans was 30 April 2021. Even though proposals ...
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% ...