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‘Innovation is a key aspect of European Cohesion Policy for 2014-2020‘ says EU Commissioner Johannes Hahn at the 5th Weimar Economic Forum

(18 June 2014)

‘Innovation is a key aspect of European Cohesion Policy for 2014-2020‘ says EU Commissioner Johannes Hahn at the 5th Weimar Economic Forum

The EU Commissioner for Regional Policy, Johannes Hahn, was in Thüringen on 16-17 June, taking part in the 5th Weimar Economic Forum. In his speech ‘Intelligent specialisation in the EU: The road ahead’, the Commissioner emphasised that innovation is a key aspect of European Cohesion Policy for 2014-2015, together with support for SMEs, energy efficiency and the digital agenda.

‘Europe is excellent at investing in knowledge; but it is falling behind in translating this knowledge into money’, he says. ‘Research and innovation are vital to promoting energy saving initiatives, as 1% energy saving initiatives lead to a 2.3% reduction in dependency on gas’.

Johannes Hahn also congratulated Germany and in particular the Federal State of Thüringen on developing intelligent specialisation strategies in areas which promote innovation and which create growth and jobs using regional aid.