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Johannes Hahn and Sonja Stessl celebrate handing over of the EU Partnership Agreement with Austria

Johannes Hahn and Sonja Stessl celebrate handing over of the EU Partnership Agreement with Austria

20/10/2014

Today EU Regional Policy Commissioner Johannes Hahn handed over officially the EU Partnership Agreement with Austria to Sonja Stessl, State Secretary, in the house of the EU.

Hahn was particularly pleased that Austria has decided the European Investment and Structural Funds will be managed by a single managing authority: "This lowers the fixed costs, and thus makes more resources for the real economy, sustainable growth and more investment in people " With the Partnership Agreement, Hahn continued, "Austria has a solid foundation that covers all European Structural and Investment Funds and sets a strategy for future programs: There will be more innovation, Austrian SMEs will be best examples of growth, and the promotion of Research, Development and Innovation will strengthen Austria's good reputation in this domain."

On the role of the Austrian regions and local authorities regarding the implementation of the Europe 2020 objectives, Hahn said: "The European Structural and Investment funds help regions and cities of Austria in addressing these key objectives."

In the period 2014-2020 a total of EUR 3.9 billion will be invested in rural development and a total of EUR 1.24 billion are from the pot for Cohesion Policy available (including funds under the European territorial cooperation). Austria also receives funds in the amount of 6.96 million euros from the European Maritime and Fisheries Fund.

In the Partnership Agreement, the European Commission and the Member States agree on the total use of European Structural and Investment Funds for the programming period 2014-2020. The Member States indicate their integrated strategic objectives and investment priorities, and link them with the overall objectives of the Europe 2020 strategy for smart, sustainable and inclusive growth.

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