Baltic States ask European Commission to maintain EU Cohesion Fund financially strong
Baltic finance minister ask the European Commission to keep the European Union’s Cohesion Policy financially strong and aim it towards results, BNN was told by Finance Ministry.
«Ever since joining the European Union, Baltic States have been using funding from EU funds to realize reforms in education, healthcare, employment, innovations and other sectors, reducing the difference between GDP indexes of Baltic States and the average in the EU by almost a quarter. Nevertheless, support from EU funds remains necessary to continue development of Baltic States and prevent socio-economic differences with average EU indexes. Those problems cause continued emigration on the free labour market and make it harder to raise productivity of Baltic economies. Because of that, a strong Cohesion Policy is vital for future development of member states and the entire EU,» Latvian, Estonian and Lithuanian finance ministers mentioned in their open letter.
In May 2018, the European Commission will publish proposals for the next multi-year budget after 2020. In preparation for that, member states and organizations actively form and discuss their positions on the future of Cohesion policy.
Finance Ministry invites organizations, municipalities, residents and other interested sides to cooperate and use opportunities to defend Latvia’s interests and voice support for strong EU funding after 2020.
«Organizations and residents are able to voice support for the Cohesion policy after 2020. People are urged to voice their opinions through a survey and thereby help form a general opinion of EU residents about the need for EU funding,» said the ministry. The survey will remain open on the website of European Commission’s public surveys until 8 March.