Member access

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
<1m ago INTERSERVE : Dunbar ERF contract signed
<1m ago PAN AFRICAN RESOURCES : Proposed Amalgamation of Pan African with Eco Oil & Gas
<1m ago BURU ENERGY : Drilling Report Commodore 1 Exploration Well
<1m ago EFORE : Heikki Viika Appointed Efore's New CEO
<1m ago EXMAR : Selects Wison for FLNG Contract
<1m ago SIEMENS : Formation of a Special Committee
<1m ago VENN LIFE SCIENCES : Provides Year End Update
<1m ago TULLOW OIL : Ghana To Reduce Nigerian Gas Supplies In 2015
<1m ago CHARIOT OIL & GAS : Update on Morocco Farm-Out
<1m ago SEMBCORP MARINE : Sets Up Engineering Subsidiary in Indonesia
Latest news
Hot News 
DIXONS CARPHONE : Currys PC World poised for bumper Boxing Day sales
DELTEX MEDICAL : Says Sales To Miss Expectations If Transactions Not Complete
HARDY OIL & GAS : Agrees To Relinquishment Of Krishna-Godavari Block
ATOSSA GENETICS : Provides Update on Pharmacogenetics Testing Now Offered by The National Reference Laboratory for Breast Health
Most Read News
1d ago SONY : N. Korea Threatens US, Demands Apology for Obama’s ‘Reckless Rumors’ of Sony Hack
1d ago ENVESTNET : Names New Group President of Advisor Services
1d ago HYUNDAI HCN : The majority of Turkey's USD 20.4 billion automotive exports were destined for European markets
1d ago BOEING : BlackBerry to create 'self-destruct' phone
1d ago GARDEN CITY NPV : No. 7: Heavy rain in June sets records, helps alleviate drought
Most recommended articles
2h ago Russian rouble strengthens in thin trade
3h agoDJRUSSIA FINANCE MINISTER : 2014 Inflation Seen at 11.5 Pct - Interfax
3h agoDJRussian Ruble Rises to 3-Week High in Early Trade
5h agoDJDollar Lower Against Yen on Profit-Taking
6h ago Subaru scraps plan to shift Crosstrek production to U.S. -source
Dynamic quotes