European Commission

Timely support of EUR 100 million for key investments in Cyprus

Press release- The European Investment Bank (EIB) is to provide EUR 100 million for key investments in Cyprus. The loan will be used to part-finance investments totalling EUR 1 177 million in areas identified under the National Strategic Reference Framework for the 2007-2013 period, which include improving the competitiveness of the Cypriot economy, promoting sustainable development, and investing in skills and innovation.


Cohesion Policy: getting the most from EU Funds for growth and jobs - Commission moves to help

Measures to help crisis-hit countries to use much needed EU funds have been proposed today by the European Commission. The measures would help these Member States to tackle youth unemployment, to support small and medium sized business and to pay for key infrastructure projects. In the absence of this proposed measure, Cohesion Policy investments for growth could be lost because of a lack of time to spend the money or because of the difficulty of finding national and private co-finance in the current economic climate.

Green light to launch formal talks on EU budget for 2014-2020

Press release- A meeting on Monday evening (6 May) between Commission President José Manuel Barroso, European Parliament President Martin Schulz and Taoiseach Enda Kenny for the Irish Presidency of the Council ended the current stalemate and paved the way to start political negotiations on the European Union's future budget 2014-2020 between Council, Parliament and Commission and on an amending budget for 2013. In the meeting the following was agreed:


Progress report Romania - Increasing the absorption of Structural and Cohesion Funds

The latest European Semester outlines the main measures adopted in 2012 with the aim of improving the absorption of Structural and Cohesion Funds in Romania. The report notes improvements in project cycle management, standardization of tender documentation and more effective coordination at the central level. An overview of payments and reimbursement claims at the level of operational programmmes is also included. 'Although some progress has been made in implementation of the PAP - Priority Action Plan, the absorption rate was still below expectations. Consequently, in November 2012, the European Commission has proposed the development of a new action plan for improving the administrative capacity for EU funds management. The new plan includes all unrealized measures of the PAP and contains new short, medium and long term measures.'

Commission adopts plan to reprogramme €21 million of regional funds for growth and jobs in Cyprus

The European Commission has today adopted a reprogramming plan that will help promote growth in Cyprus and strengthen the impact of EU regional funds there. The decision to redirect €21 million worth of Regional Funds is intended to help the country deal with the current socio-economic crisis and ensure a quicker delivery of available investments particularly when it comes to supporting small and medium sized business and the employment of young people.


Subscribe to RSS - European Commission