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The policy constitutes the main investment policy of the EU, and is due to account for around of third of its budget, or EUR 392 billion over the period of 2021-2027. [1] In its long-term budget, the EU's Cohesion policy gives particular attention to regions where economic development is below the EU average. [2] [3]
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]
EUR-Lex.eur.eu: Consolidated versions of the Treaty on European Union and the Treaty on the Functioning of the European Union (Retrieved 9 May 2012). interact-eu.net: Cohesion: 2007–2013 Policy framework (Retrieved 10 May 2012). interact-eu.net: Cohesion Policy: 2007–2013 regulatory framework (Retrieved 10 May 2012).
The European Grouping of Territorial Cooperation (EGTC) [3] enables public bodies, regional and local authorities, associations and also EU Member States to create a new cooperation entity with a legal personality. The inception of this new instrument for cooperation at Community level in the framework of regional policy was in 2006.
The Commissioner for Cohesion and Reforms is a portfolio within the European Commission. The current Commissioner is Raffaele Fitto . The portfolio is responsible for managing the regional policy of the European Union , such as the European Regional Development Fund , which takes up a third of the EU's budget .
The total energy supply of the EU was 59 billion GJ in 2019, about 10.2 per cent of the world total. Approximately three fifths of the energy available in the EU came from imports (mostly of fossil fuels). Renewable energy contributed 18.1 per cent of the EU's total energy supply in 2019, and 11.1 per cent of the final energy consumption. [207]
Interreg differs from the majority of Cohesion Policy programmes in one important respect: it involves a collaboration among authorities of two or more Member States. Interreg measures are not only required to demonstrate a positive impact on the development on either side of the border but their design and, possibly, their implementation must ...
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.