FUNDING COHESION POLICY IN THE EUROPEAN UNION AND ROMANIA DURING 2014 – 2020

Cohesion policy is one of the most important and complex policy of the European Union, a position clearly derived from the assumed objective of "harmonious development by reducing disparities between the levels of development of the various regions and the backwardness of the least favoured regions or islands". Its unique role in shaping and implementing integrated development strategies, which involve activities in various fields such as education, research and innovation, employment, business environment, infrastructure, environmental protection, climate change and energy efficiency is undeniable. To accomplish these goals cohesion policy is benefiting from its own budget for each Member State in relation to the national objectives of economic and social development and to integration into the Single Internal Market and achieving territorial cohesion.