Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Estonian Ministry of Foreign Affairs : Estonia at the European Union General Affairs Council: Quick and Firm Agreement Needed to Ensure That Europe Will Invest in Economic Growth and Employment

09/24/2012 | 10:51am US/Eastern

No 335-E

During the discussion on the European Union's next budgetary period (2014-2020) that took place in Brussels today, ideas were exchanged regarding the most recent version of the negotiations packet submitted by EU presidency Cyprus, which does not yet contain concrete numbers.

For Estonia it is essential that an agreement on the budget is reached quickly. "After three years of talking almost exclusively about the crisis and other negative things, citizens are awaiting a message from Brussels guaranteeing that Europe will make investments into economic growth and employment," said Ambassador to the EU Matti Maasikas, who represented Estonia at the meeting. "Therefore Estonia does not think it is right to cut the EU budget, especially at the expense of the European Union Cohesion Policy, which is meant to support regions with lower income levels," he stated.

Estonia made a proposal together with Latvia and Lithuania that the countries that suffered the most during the economic crisis should get a higher upper limit on the amount of Cohesion Funds they can utilise. "It is justified to allow countries whose GDP has fallen sharply but have still used EU funds responsibly and found money to co-finance an opportunity to utilise more Cohesion Policy funds," Maasikas asserted. 

Estonia is continuing to work towards equalising direct agricultural supports in the European Union. "Support for Baltic farmers is much less than the European average, and we would like for changes to this situation, which leads to unfair competitive advantages and makes people justifiably upset, to be reflected in the new European Union budget," said the ambassador.

Estonia also supports the European Commission's proposal to create a European Infrastructure Fund for supporting cross-border infrastructure projects.

Additional information:
Helen Ennok, press spokesperson, Estonia's Permanent Representation to the EU
+32 474 98 16 57

SPOKESPERSON'S OFFICE
+372 637 7654
press@mfa.ee
www.vm.ee

distributed by
React to this article
Latest news
Date Title
<1m ago USD/CAD TECHNICAL ANALYSIS : Deeper Losses May Be Ahead
<1m ago EUR/GBP TECHNICAL ANALYSIS : Familiar Range Still in Play
5m ago GOVERNMENT OF CANADA : PM announces new infrastructure investments
5m ago QBE INSURANCE : Announces Pricing of US$700M of Subordinated Debt
5m ago ZILLOW : Hit the Slopes: How to Buy a Ski Home in 5 Easy Steps By Zillow Team on 24 Nov 2014
10m ago Change of Director
11m ago AUSTRALIA AND NEW ZEALAND BANKING : High potential Australian companies selected for ANZ’s inaugural ‘Business Growth’ program
12m ago Asian shares wobble, oil skids ahead of OPEC
12m ago EDUCATION MANAGEMENT CORPORATION : Announces Extension of Exchange Offer
14m agoDJSingapore 3Q GDP Expands 3.1% on Quarter as Manufacturing Recovers
Latest news
Advertisement
Hot News 
SOLID STATE : Confident As First-Half Profit Nearly Triples
AVINGTRANS : Revises Down Expectations On Demand Drop, Contract Delays
CHINA SPECIALTY GLASS : announces preliminary financial results 2013 (DGAP Adhoc)
RenaissanceRe to buy Platinum Underwriters for $1.9 billion
ECKOH : Confident In Meeting Market Expectations As It Swings To Profit
Most Read News
1h ago HERCULES OFFSHORE : to Present at Upcoming Investor Conferences
1h ago MOL GLOBAL : Deutsche Bank advises caution over Malaysia e-payment firm it helped list
1h ago GM PRESIDENT : U.S. economy holding up, other regions slowing or soft
1h agoDJBlackBerry Targets iPhone Users With Promotion
1h agoDJAMERICAN AIRLINES : Waives Re-Scheduling Fee on Some Nov. 26 Flights
Most recommended articles
11m ago Asian shares wobble, oil skids ahead of OPEC
14m agoDJSingapore 3Q GDP Expands 3.1% on Quarter as Manufacturing Recovers
20m agoDJGlencore, Peabody to Partner on Australian Coal Mine
29m ago UK service sector grows steadily in three months to November - CBI
30m ago AUD/USD TECHNICAL ANALYSIS : Range-Bound Near Monthly Low
Dynamic quotes  
ON
| OFF