The Regional Policy Approach during the Present Financial Perspective

Abstract

The paper deals with the importance of the regional policy during the present financial perspective 2007-2013. For the beginning, we define and analyze the fundamental elements of the European Regional policy and provide a history of the European policy’s evolution. A distinct part of the paper deals with the European Institutions which define and influence the regional policy and the analysis of the regional policy instruments. The main conclusion of the paper is that the regional development policy represents a challenge for the E.U. 27.