BRUSSELS, Sep. 15 (Moose Gazette) –
The Committee on Regional Development of the European Parliament has approved this Thursday to simplify the procedures to be able to allocate EU cohesion and regional funds to deal with the consequences of the war in Ukraine.
At a time when Europe is facing the economic and energy impact of the Russian invasion of Ukraine, MEPs have voted to cut red tape to include more flexibility in the use of cohesion funds.
With this step, the members of the Regional Development Committee are committed to acting as soon as possible and helping EU governments and regions to deal with the impact of the war.
This paves the way for new regulations in the EU, yes, the position of the Regional Development Commission must be endorsed in the plenary session in October and then be formally approved by the Member States.