Romania to get Cohesion Funds worth EUR 27 bn in 2021-2027

Romania will receive EUR 27,203 billion of cohesion policy funding in the European budget project 2021-2027, according to proposals published on Tuesday by the European Commission, a press release informs.

For the next long-term EU budget 2021-2027, the Commission proposes to modernise Cohesion Policy, the EU’s main investment policy and one of its most concrete expressions of solidarity.

The EU’s economy is bouncing back, but additional investment efforts are needed to tackle persistent gaps between and within Member States. With a budget of EUR 373 billion in commitments for 2021-2027, the future Cohesion Policy has the investment power to help bridge these gaps. Resources will continue to be geared towards regions that need to catch up with the rest of the EU the most. At the same time it will remain a strong, direct link between the EU and its regions and cities.

Commissioner for Regional policy Corina Cretu stated: “Today we propose a Cohesion Policy for all regions, which leaves no one behind. We have made it more flexible, to adapt to new priorities and better protect our citizens. We also made the rules simpler and this will benefit all, from small businesses and entrepreneurs to schools and hospitals that will get easier access to the funds.”

On this occasion, she also pointed out Romania will get 8 percent more than in 2014-2020. ”I have a peaceful conscience,” Romanian commisioner said.

In an unprecedented move of transparency, the European Commission has presented for the first time ever its proposal for the new long-term EU budget both in current and in constant 2018 prices.

cohesion fundsCohesion policyCommissioner for Regional Policy Corina Cre?uEU budget 2021-2027European budget projectthe EU's main investment policy
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