Cities and regions welcome progress on cohesion policy 2021-2027 rules and urge EU budget adoption

These funds together represent the most powerful investment tools in the EU budget, providing 242.9 billion euro for EU regional funding over the next seven years.

Metadata
Provider: 
ECEC
URL: 
https://cor.europa.eu/en/news/Pages/cities-and-regions-welcome-progress-on-cohesion-policy-2021-2027.aspxhttps://cor.europa.eu/en/news/Pages/cities-and-regions-welcome-progress-on-cohesion-policy-2021-2027.aspx
Retrieved on: 
Thursday, December 10, 2020
Information
Tags: 
Organizations, Articles, Europe, Economy of the European Union, Structural Funds and Cohesion Fund, European Union, European Structural and Investment Funds in Bulgaria
Summary
Key Points: 
  • These funds together represent the most powerful investment tools in the EU budget, providing 242.9 billion euro for EU regional funding over the next seven years.
  • "The agreement on the European Development Fund and Cohesion Fund is a decisive step for cities and regions.
  • The CoR welcomes the compromises on key demands advocated by cities and regions helping to establish cohesion as a fundamental value.
  • The Cohesion Fund (CF) is reserved for countries whose per capita Gross Domestic Product is below 90% of the EU average.
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