(29 August 2014) – The European Commission today adopted a “Partnership Agreement” with Hungary and, last Tuesday, with the Czech Republic, setting down the strategy for the optimal use of European Structural and Investment Funds throughout the two countries in 2014-2020.
Today’s agreement with Hungary paves the way for investing €21.9 billion in total Cohesion Policy funding over 2014-2020 (current prices, including European Territorial Cooperation funding and the allocation for the Youth Employment Initiative). Hungary also receives €3.45 billion for rural development and €39 million for fisheries and the maritime sector.
The Partnership Agreement with the Czech Republic paves the way for investing €22 billion in total Cohesion Policy funding over 2014-2020. The Czech Republic also receives €2 billion for rural development and €31 million for the fisheries sector.
All Member States have now presented their Partnership Agreements to the Commission. The adoption of these agreements will follow after a process of consultation.