More than €322 billion, or 92% of the total Cohesion Policy envelope for the period 2014–2020, has been allocated to projects and actioned, according to a report published by the European Commission on Monday 3 August.
However, the absorption rate, although continuing to rise, remains unsatisfactory: only 34% of the overall envelope has been paid out to Member States: “It remains at a lower level than expected and compared to the previous programming period” stated the authors of the...