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politics1d ago
EU wants to save regions on Russia’s doorstep from economic malaise
- EU plans targeted funding for eastern border regions hit by the war, using guarantees to mobilize private capital.
- The plan, called the Eastern Border Regions communication, aims to bolster security and resilience along Europe’s eastern frontier.
- The plan seeks to revitalize economically depressed border areas through investment in jobs, clean energy and education.
- No new money would be injected into the EU budget; the approach relies on existing funds and external financing.
- The EastInvest platform will coordinate funding to address investment needs in border regions.
- Baltic states expect the plan to influence negotiations on the next long-term EU budget from 2028 onward.
- The plan is designed to help regions facing depopulation and economic downturn, triggered by border tensions and war.
- Polish regional officials emphasize that border areas face migratory pressure and heightened public service strain.
- Finland and Baltic leaders seek tailored funding to reflect regional needs in future EU financial agreements.
- The document signals possible calls for dedicated EBR calls under the upcoming European Competitiveness Fund from 2028.
- The plan aims to attract private investment while leveraging existing EU regional funds.
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