STRUCTURAL FUNDS: A new partnership agreement signed with Hungary

August 29, 2014

Hat: The European Commission signed a new partnership agreement with Hungary

Funding Scheme: 2014-08-29

Pgm2014 2020: Yes

Isfondstruct: Yes

Amorce:

European Commission adopts ‘Partnership Agreement’ with Hungary on using EU Structural and Investment Funds for growth and jobs in 2014-2020

Text:

The European Commission has adopted a “Partnership Agreement” with Hungary setting down the strategy for the optimal use of European Structural and Investment Funds throughout the country. Today’s agreement paves the way for investing €21.9 billion in total Cohesion Policy funding over 2014-2020 (current prices, including European Territorial Cooperation funding and the allocation for the Youth Employment Initiative). Hungary also receives €3.45 billion for rural development and €39 million for fisheries and the maritime sector.

The EU investments will help tackle unemployment and boost competitiveness and economic growth through support to innovation, training and education in cities, towns and rural areas. They will also promote entrepreneurship, fight social exclusion and help to develop an environmentally friendly and a resource-efficient economy.

The European Structural and Investment Funds (ESIF) are:

The European Regional Development Fund
The European Social Fund
The Cohesion Fund
The European Maritime and Fisheries Fund
The European Agricultural Fund for Rural Development

All Member States have now presented their Partnership Agreements to the Commission. The adoption of these agreements will follow after a process of consultation.

Url description: Press of the European Commission

Url: http://europa.eu/rapid/press-release_IP-14-955_en.htm

Url info description: http://europa.eu/rapid/press-release_IP-14-955_en.htm

Url info: http://europa.eu/rapid/press-release_IP-14-955_en.htm