Cohesion Fund

The Cohesion Fund of the European Union funded projects through which the environment and the integration into the trans-European transport networks should be promoted. It was created with the aim of creating a convergence of European economic power and thereby flanking European currency integration.

Those Member States are eligible if their GDP per capita is below 90% of the EU Community average . In the 2014–2020 program period, these are the states of Bulgaria, Estonia, Greece, Croatia, Latvia, Lithuania, Malta, Poland, Portugal, Romania, Slovakia, Slovenia, the Czech Republic, Hungary and Cyprus. In the 2014–2020 budget period, the Cohesion Fund has 63.4 billion euros at its disposal. In the period 2007-2013 it was 70 billion

The aim of the Cohesion Fund is to make a contribution to the sustainable development of the states concerned and to strengthening cohesion within the European Union. New projects from the Cohesion Fund will only be approved if the public deficit of the Member State concerned does not exceed 3% of the gross domestic product .

See also

• Structural funds
  • European Regional Development Fund (ERDF), since 1975
  • European Social Fund (ESF), since 1957

Individual evidence

1. ^ Thomas Döring: National financial policy and financial equalization in the European monetary union. In: Wolfgang J. Mückl (Ed.): The European Monetary Union. Problems and Perspectives. Ferdinand Schöningh, Paderborn et al. 2000.
2. ↑ Cohesion Fund. Retrieved April 28, 2017 (English). 
3. ↑ Cohesion Fund. Retrieved April 28, 2017 (English). 
4. ↑ Glossary of Europe: Structural Funds and Cohesion Fund. ( Memento of December 15, 2010 in the web archive archive.today ) at: europa.eu , accessed on June 5, 2010.