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, the EU executive has announced.
The agreement paves the way for investing 21.9 billion euros in total Cohesion Policy funding over 2014-2020 (current prices, including European Territorial Cooperation funding and the allocation for the Youth Employment Initiative).
“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 EC added.
Source: www.portfolio.hu
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