Off the wire
• Structural reforms, infrastructure on Lagarde's agenda during visit to Cameroon  • 2015 emerges as HK's warmest year on record: Hong Kong Observatory  • Burkina Faso's transition leaders urged to declare their wealth  • Security forces repel IS attack in western Iraq, extend control in Ramadi  • Chinese universities begin using self-designed diploma certificates  • 2nd LD Writethru: S. Korea's military issues highest alert in areas with propaganda loudspeakers  • 2nd LD Writethru: Man sot dead outside police station in Paris: report  • China sees surging patent applications  • 2nd Ld-Writethru-China Focus: Xi underscores military building via reforms  • 1st LD: S. Korea's military issues highest alert in areas with propaganda loudspeakers  
You are here: 　 Home

EU to invest 1 bln euros in regions along its external borders

Xinhua, January 7, 2016 Adjust font size:

The European Commission said on Thursday it had adopted a series of cross-border cooperation programs totaling 1 billion euros (1.09 billion U.S. dollars) in order to support sustainable development in the regions on both sides of the EU's external borders.

"Cross-border cooperation plays a key role in avoiding the creation of new dividing lines. This new funding will further contribute to a more integrated and sustainable regional development in the neighboring border regions and to a more harmonious territorial cooperation on EU's external borders," said commissioner for European neighborhood policy and enlargement negotiations Johannes Hahn.

For each of the programs, the participating countries have selected up to four priorities, such as developing small and medium-sized enterprises (SMEs), culture, environment and climate change, eradicating poverty, education and research, energy, accessibility, border management.

The funding comes under the European Regional Development Fund (ERDF) and the European Neighborhood Instrument (ENI). Financing agreements will be finalized between the partner countries and the EU by the end of 2016. Endit