Cohesion Policy is an important instrument aiming to stimulate development across the Union and reduce economic, social and territorial disparities between European regions. It is also an important tool for delivering the Europe 2020 Strategy, through the support of job creation, competitiveness, economic growth, improved quality of life and sustainable development.
In the Multiannual Financial Framework (MFF) for 2007-2013, a total of EUR 347.4 billion has been allocated for the implementation of the EU Cohesion Policy, an amount corresponding to the 35,6% of the total EU budget thereby demonstrating the importance of this investment policy at the Union’s level.
The successful management of the dossier of Cohesion Policy is a task of high priority for the Cyprus Presidency, aiming to promote the timely conclusion of the negotiations of the relevant regulations.
During its Presidency, Cyprus intents to organize a series of events related to Cohesion Policy issues including a Meeting of Directors General responsible for Territorial Cohesion and Cohesion Policy in October 2012 which will serve, amongst others, for the preparation of the main event under the Cohesion Policy, that is the Informal Ministerial Meeting on Cohesion Policy in November 2012. The Cyprus Presidency also intends to carry forward the work on the Territorial Agenda with the meetings of the intergovernmental groups in charge of urban development (UDG) and territorial cohesion (NTCCP) in September 2012. Finally, Cyprus will host the next Annual General Assembly of the CPMR Islands Commission in November 2012, giving the opportunity for the uniqueness of islands’ issues to be raised in the context of the discussions for the future generation of EU Cohesion Policy.