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International Internet Magazine. Baltic States news & analytics Tuesday, 23.10.2018, 06:30

Estonian minister: EU cohesion policy must be simplified

BC, Tallinn, 22.11.2017.Print version
Estonian Minister of Public Administration Jaak Aab said that the cohesion policy of the European Union should be simplified and the organization of it should be made more transparent, reports LETA/BNS.

"I am glad of the consensus of the member states that cohesion policy is important and it needs to be simplified and the rules must be made more transparent. It has been an important topic for Estonia, as there has sometimes been a too heavy of an administrative burden when realizing projects," the minister said in a press release.

Estonia as the presidency of the Council of the European Union called together the General Affairs Council as in spring the European Commission is to present the European Union's next multiannual budgetary framework proposal and this is why there are discussions with member states on what kind of cohesion policy the states want for the next budgetary period.

"Cohesion policy is very necessary to a number of member states, including Estonia. It supports the harmonization of the level of development of states and regions and out of the European Union funding programs, it has the most tangible results for people," Aab said.

The total monetary volume of the EU cohesion policy in 2014-2020 is 351.8 billion euros, which is nearly a third of the budget of the EU. Estonia will receive around 3.5 billion euros of cohesion policy support in seven years.

Investments are supported through three funds: the Social Fund, Regional Development Fund and Cohesion Fund.

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