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Commission adopts ‘Partnership Agreements’ with Cyprus, Estonia, Latvia, Lithuania and Slovakia for EU Structural and Investment Funds, 2014-2020

(20 June 2014)

Commission adopts ‘Partnership Agreements’ with Cyprus, Estonia, Latvia, Lithuania and Slovakia for EU Structural and Investment Funds, 2014-2020

The European Commission has adopted "Partnership Agreements" with the Baltic States (Latvia, Lithuania and Estonia), Cyprus and Slovakia setting down the strategy for the optimal use of European Structural and Investment Funds to benefit the countries' regions and people.

Today’s agreement paves the way for investing:

  • In Latvia: €4.51 billion in total Cohesion Policy funding over 2014-2020 (current prices, including European Territorial Cooperation funding), €1.07 billion for rural development and almost €140 million to support the development of the fisheries and maritime sector.
  • In Lithuania: €6.82 billion for Cohesion Policy, €1.61 billion for rural development and €63 million for fisheries and the maritime sector.
  • In Estonia: €3.59 billion for Cohesion Policy, €726 million for rural development and €101 million for the fisheries and maritime sector.
  • In Cyprus: €735.6 million for Cohesion Policy, €132.2 million for rural development and €40 million for the fisheries and maritime sector
  • In Slovakia: €13.9 billion for Cohesion Policy, €1.5 billion for rural development and €15.8 million from the fisheries and maritime sector.

 The EU investments will be used to respond to the individual and particular development needs of each of the 5 Member States, but will globally aim to improve their economic productivity, to promote innovation and R&D spend and to contribute to the creation of a modern, sustainable and efficient transport system. They will also work towards balanced territorial development and the creation of an environmentally-friendly and resource-efficient economy, which creates quality jobs and fights social exclusion. Investments should also enhance the quality of the education system, directly responding to skill shortages and enhance the effectiveness of public administration.

More information:

Partnership Agreement with:

ESIF - Partnership Agreements

Press releases on RAPID: Cyprus - Estonia, Latvia and Lithuania - Slovakia

European Social Fund

European Rural Development

EU Fisheries and Maritime