Rapid growth in Slovakia’s Prešov region under an EU’s initiative

EPA/STEPHANIE LECOCQ

European Commissioner in Charge of Regional Policy, Corina Cretu, speaks during a news conference on the 'Modification of the Cohesion Policy programme for the Portuguese Centro region following the forest fires of June' at the European Commission in Brussels, Belgium, 17 August 2017.

Rapid growth in Slovakia’s Prešov region under an EU’s initiative


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the European Commission reviewed on 18 June the first year of implementation of the “Catching up Regions Initiative” in Slovakia’s Prešov region. This Slovak “low-income region”, which GDP is rapidly growing, but remains well under the EU and Slovak average, has been benefiting from Commission and World Bank expertise to boost jobs and growth.
The experts have helped regional authorities design an action plan for economic transformation. €1.3 million from EU funds supported its implementation. The second phase of the initiative will start next month.
This initiative was launched in 2015 to examine the factors that hold back growth and investment in low-growth and low-income regions in the EU. Regions in Poland, Romania and Slovakia have already benefited from it.

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