STRUCTURAL FUNDS: A new partnership agreement signed with HungaryAugust 29, 2014
Hat: The European Commission signed a new partnership agreement with Hungary
Funding Scheme: 2014-08-29
Pgm2014 2020: Yes
European Commission adopts ‘Partnership Agreement’ with Hungary on using EU Structural and Investment Funds for growth and jobs in 2014-2020
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:
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 info description: http://europa.eu/rapid/press-release_IP-14-955_en.htm