EU – Baltic States, Financial Services, Funds, Legislation, Lithuania
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Thursday, 02.05.2024, 01:44
Support to be paid to Lithuania after 2020 yet undecided
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"It seems like the position of the Cohesion policy among all policies will probably be revised. If it decreases or increases, Lithuania will possibly get more or less. I believe that the sum will not remain unchanged. There are too many uncertainties at the moment but we should start preparations now," Cerniute, the head of the Lithuania Program at the European Commission's Regional Policy Directorate, told BNS Lithuania.
In her words, EC will publish its opinion in 2018 on the financial perspective for the period, followed by negotiations on the distribution of the money from Structural Funds across the EU.
"Everything depends on the agreed single financing policies. Then (they will consider) principles for distribution of funding and, by the situation, we will see what Lithuania can apply for," Cerniute added.
In 2014-2020, Lithuania has secured 8.39 billion euros in support from the European Structural and Investment Funds. The country's government will co-finance 1.56 billion euros over the period.
The funds are the EU's main investment instrument, totaling at 454 billion euros in the current financial period.
The BNS journalist's trip to Tallinn was paid for by the European Commisioner. This has no impact on the content of the story.
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