Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  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

+372 637 7654

distributed by
React to this article
Latest news
Date Title
12:14a SINGER PAKISTAN : Transaction of 25,000 shares of Singer Pakistan Limited
12:14a Dispatch of final dividend warrants of First Paramount Modaraba
12:12a ALLIANZ SE : Court bars NDLEA, Attorney General from seizing Buruji Kashamu's properties
12:10a MOAF MINISTRY OF AGRICULTURE AND FORESTS OF BHUT : Field day on winter vegetable production at Dolungang
12:05a INMA NEWSMEDIA MARKETING ASSOCIATI : Are Facebook, Twitter really interested in partnering with news media companies?
12:05a SUN HUNG KAI PROPERTIES : SHKP Island West ‘King’s Hill’ Unmodified show flat of 2-bedroom unit with double en-suite and flat roof
12:02a NEWS : Realtor.com® 2016 Housing Forecast Predicts Healthy Market with New Construction Driving Highest Level of Home Sales Since 2006
12:02a MANPOWERGROUP : Millennials say they'll be the ones to finally level the playing field for women at work - but it will take another 21 years to achieve gender parity in the workplace
12:01a ASTRAZENECA : *rpt/traders: morgan stanley raises astrazeneca to 'overweight' ('underweight')
12:01a YAHOO : 2015 in Review: Top Searched Lists From Across Yahoo, Polyvore, Tumblr, and Flickr
Latest news
Hot News 
IDENTIV INC : Pomerantz Law Firm Investigates Claims On Behalf of Identiv, Inc. - INVE
NET ELEMENT : IFS Securities Terminates Research Coverage on Net Element, Inc.
FIRSTENERGY : Critics blast proposed FirstEnergy rate hike plan
Morgan Stanley Investors Pushed for Cuts
Four banks competed for First Niagara
Most Read News
12/01 IFS Securities Terminates Research Coverage on Net Element, Inc.
12/01 FIRST MID ILLINOIS BANCSHARES : completes acquisition of Illiana Insurance Agency
12/01 SURVIVING VOICES : Enduring Stories Of Hope
12/01 BANK INDONESIA : ​November Inflation Controlled
12/01 NATIONAL FARMERS' FEDERATION OF AUSTRALIA : Opportunity for coastal shipping reform sails away
Most recommended articles
12/01DJYAHOO : Correction to Yahoo Article
12/01DJFAA Downgrades Safety Rating of Thailand Aviation Industry
12/01DJTalks With Russia on EU-Ukraine Trade Deal Fail to Reach Compromise
12/01 USD/CNH TECHNICAL ANALYSIS : Yuan Gains Hinted Ahead