Политика на сближаване и финансови инструменти на ЕС
Cohesion Policy and the EU Financial Instruments

Author(s): Svetlana Aleksandrova-Zlatanska
Subject(s): Politics / Political Sciences, Politics, Economy, Supranational / Global Economy, EU-Accession / EU-DEvelopment, Financial Markets
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Cohesion Policy; Cohesion; EU; EU Budget; Financial Instruments
Summary/Abstract: This article explores the cohesion policy of the European Union which is the second most important common policy after the Common Agricultural Policy. The financial resources allocated for the agricultural sector reached 65% of the EU’s multiannual financial framework prior to 1988. During the latest programming period this amount has dropped to 40% while the expenses for cohesion have risen to 84% (EUR58,3 billion annually) from the 2006-2009 budget. Author discusses the economic and social effects from the cohesion and outlines financial instruments which are aimed at supporting the cohesion through the EU budget.

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