EC approves 2014-2020 partnership agreement

SLOVAKIA concluded on June 20 the partnership agreement with the European Commission (EC) on the use of European structural and investment funds in the 2014-2020 period.

SLOVAKIA concluded on June 20 the partnership agreement with the European Commission (EC) on the use of European structural and investment funds in the 2014-2020 period.

The Partnership Agreement defines the strategy and priorities for effective and efficient investment of €15.3 billion over the next 10 years. Of this sum, €13.7 billion is allocated to structural and cohesion funds, €1.55 billion to the European Agricultural Fund for Rural Development and €15.8 million for the European Maritime and Fisheries Fund, the TASR newswire reported, noting that although Slovakia is a landlocked state, it does have an extensive fish-farming industry.

"On the basis of a broad consensus with socio-economic partners, Slovakia was able to present such a proposal of the Partnership Agreement that ranked us among the top five EU member states [regarding this document and its approval by the EC]," the government’s office wrote in a press statement, as quoted by TASR.

Slovakia’s priority is to focus investments on key growth sectors, namely transport infrastructure, research, development and innovation, support of small and medium-sized enterprises, environmental protection, the digitisation agenda, energy efficiency and renewable energy. Equally important will be investment in employment, education, social inclusion and increasing the efficiency of public administration, the office said.

Source: TASR

Compiled by Michaela Terenzani from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information
presented in its Flash News postings.

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