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 GLOBUS MEDICAL : Patent Issued for Expandable Fusion Device and Method of Installation
<1m ago Patent Issued for Flow Sensor
<1m ago CAPITOL FEDERAL FINANCIAL : Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-K)
<1m ago RESEARCH AND MARKETS : Chinese Integral Horsepower Motor Market 2014-2020
1m ago Juncker investment plan draws questions over lack of new cash
1m ago FRESENIUS MEDICAL CARE KGAA : Patent Issued for Dialysis Systems and Methods
1m ago BRITISH AMERICAN TOBACCO : Patent Application Titled "Smoking Article Filter and Insertable Filter Unit Therefor" Published Online
1m ago Patent Issued for Apparatus and Method for Storing Medical Information
1m ago Patent Issued for Composite Ceramic Material Comprising Zirconia
1m ago AAP IMPLANTATE : Patent Issued for Bone Plate and Fixation System Comprising a Bone Plate
Latest news
Advertisement
Hot News 
DIXONS CARPHONE : Licenses APT’s Test & Learn Software
FIRST PROPERTY : Shares Up As Profit Jumps On Fees, Investment Gains
FINSBURY FOOD : Sees Revenue Rise In First Four Months Of Financial Year
CUBIC : To Present At Credit Suisse Global Industrials Conference
FRENCH CONNECTION : Interim Management Statement 26th November 2014 (pdf)
Most Read News
1d agoDJCEOS' TEST : Contending With Activist Investors -2-
1d ago DP WORLD : Belgian operations disrupted
1d ago FLOWSERVE : McCANNA Introduces In-Line Maintainable Cryogenic Valve
1d agoDJCHINA LNG : Signed Preliminary Liquefied-Natural-Gas Agreement With Sinopec Unit
1d ago CUBIC : To Present At Credit Suisse Global Industrials Conference
Most recommended articles
<1m ago Juncker investment plan draws questions over lack of new cash
1m ago Behind Google's Europe woes, American accents
3m ago Oil price to close some projects, will return to fair level - Russia
3m ago GOLDMAN, BASF, HSBC ACCUSED OF METALS PRICE FIXING : U.S. lawsuit
4m ago Insight - Behind Google's Europe woes, American accents
Dynamic quotes  
ON
| OFF