The Permanent Representatives Committee has approved the final text of the cohesion policy package, as negotiated by the Council of Ministers and European Parliament last week.
The committee, which is composed of ambassadors from each of the 28 member states, approved the final compromise text on 29 October, with chairman Raimundas Karoblis describing the package as “one of the most essential parts of the multiannual EU budget for 2014-20”.
Last week’s deal between the Council and Parliament allows regions to fund cooperation with other areas using money received under the European Regional Development Fund.
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