The European Investment Bank (EIB) is the European Union's investment bank and is owned by the 27 member states. It is the largest multilateral financial institution in the world. The EIB finances and invests both through equity and debt solutions companies and projects that achieve the policy aims of the European Union through loans, equity and guarantees.
The Cotonou Agreement is a treaty between the European Union and the African, Caribbean and Pacific Group of States. It was signed in June 2000 in Cotonou, Benin's largest city, by 78 ACP countries and the then fifteen Member States of the European Union. It entered into force in 2003 and was subsequently revised in 2005 and 2010.
The Common Security and Defence Policy (CSDP) is the European Union's (EU) course of action in the fields of defence and crisis management, and a main component of the EU's Common Foreign and Security Policy (CFSP).
The European Defence Agency (EDA) is an agency of the European Union (EU) that promotes and facilitates integration between member states within the EU's Common Security and Defence Policy (CSDP). The EDA is headed by the EU High Representative for Foreign Affairs and Security Policy, European Commission’s Vice President (HR/VP), and reports to the Council. The EDA was established on 12 July 2004 and is based in Brussels, Belgium, along with a number of other CSDP bodies.
The Regional Policy of the European Union (EU), also referred as Cohesion Policy, is a policy with the stated aim of improving the economic well-being of regions in the European Union and also to avoid regional disparities. More than one third of the EU's budget is devoted to this policy, which aims to remove economic, social and territorial disparities across the EU, restructure declining industrial areas and diversify rural areas which have declining agriculture. In doing so, EU regional policy is geared towards making regions more competitive, fostering economic growth and creating new jobs. The policy also has a role to play in wider challenges for the future, including climate change, energy supply and globalisation.
The European Structural and Investment Funds are financial tools governed by a common rulebook, set up to implement the regional policy of the European Union, as well as the structural policy pillars of the Common Agricultural Policy and the Common Fisheries Policy. They aim to reduce regional disparities in income, wealth and opportunities. Europe's poorer regions receive most of the support, but all European regions are eligible for funding under the policy's various funds and programmes. The current framework is set for a period of seven years, from 2021 to 2027.
The budget of the European Union is used to finance EU funding programmes and other expenditure at the European level.
The Framework Programmes for Research and Technological Development, also called Framework Programmes or abbreviated FP1 to FP9, are funding programmes created by the European Union/European Commission to support and foster research in the European Research Area (ERA). Starting in 2014, the funding programmes were named Horizon.
The European Institute of Innovation and Technology (EIT) is an independent body of the European Union with juridical personality, established in 2008 intended to strengthen Europe's ability to innovate. The EIT’s three “core pillars” of activities are: entrepreneurial education programmes and courses across Europe that transform students into entrepreneurs; business creation and acceleration services that scale ideas and budding businesses; and innovation-driven research projects that turn ideas into products by connecting partners, investors, and expertise.
Interreg is a series of programmes to stimulate cooperation between regions in and out of the European Union (EU), funded by the European Regional Development Fund. The first Interreg started in 1989. Interreg IV covered the period 2007–2013. Interreg V (2014–2020) covers all 27 EU member states, the EFTA countries, six accession countries and 18 neighbouring countries. It has a budget of EUR 10.1 billion, which represents 2.8% of the total of the European Cohesion Policy budget. Since the non EU countries don't pay EU membership fee, they contribute directly to Interreg, not through ERDF.
The Directorate-General for International Partnerships is the European Commission department responsible for international development policy. It operates under the authority of the European Commissioner for International Partnerships, Jutta Urpilainen.
The European Development Fund (EDF) was the main instrument for European Union (EU) aid for development cooperation in Africa, the Caribbean, and Pacific countries and the Overseas Countries and Territories (OCT). Funding was provided by voluntary donations by EU member states. Until 2020 the EDF was subject to its own financial rules and procedures, and was managed by the European Commission (EC) and the European Investment Bank. The EDF has been incorporated into the EU's general budget as of the 2021–2027 multi-annual financial framework.
The LIFE programme is the European Union's funding instrument for the environment and climate action. The general objective of LIFE is to contribute to the implementation, updating and development of EU environmental and climate policy and legislation by co-financing projects with European added value. LIFE began in 1992 and to date there have been five phases of the programme. During this period, LIFE has co-financed some 4600 projects across the EU, with a total contribution of approximately 6.5 billion Euros to the protection of the environment and of climate. For the next phase of the programme (2021–2027) the European Commission proposed to raise the budget to 5.45 billion Euro.
European Union–Pakistan relations are the international relations between the common foreign policy and trade relations of the European Union and the Islamic Republic of Pakistan. There has been no EU State Leader's visit for over twenty years.
Cross-border cooperation is the collaboration between adjacent areas across borders. In the European Union this is one of the forms of territorial cooperation. The European model is very diverse with cooperation between border regions or municipalities, or through specific cooperation structures. These structures are usually composed by public authorities from different countries organized in working communities, euroregions or EGTCs.
Creative Europe is a funding programme established by the European Union to support the cultural, creative, and audiovisual sectors across Europe. The main objectives of the programme are:
The European Innovation Council (EIC) was introduced by the European Commission to support the commercialization of high-risk, high-impact technologies in the European Union. The fully-fledged EIC was launched March 2021 under Horizon Europe and is incorporated within the European Innovation Council and SMEs Executive Agency (EISMEA). Its goal is to aid researchers, start-ups and SMEs bring their innovations to market by providing funding, networking and partnership opportunities, and business acceleration services. In its latest form, the concept has been put forth by the EU Research Commissioner Carlos Moedas in mid-2015. The EIC has a budget of €10.1 billion to support innovations throughout the lifecycle from early stage research, to proof of concept, technology transfer, and the financing and scale up of start-ups and SMEs.
The European Research Executive Agency is a funding body mandated by the European Commission to support the EU Research and Innovation policy. It has been established by the European Commission, based on Council Regulation (EC) No 58/2003.
The Directorate-General for Defence Industry and Space is a department of the European Commission.
This article outlines the present structure of the European Union's Common Security and Defence Policy (CSDP), a part of the Common Foreign and Security Policy (CFSP) based on articles 42–46 of the Treaty on European Union (TEU). Article 42.2 of TEU states that the CSDP includes the 'progressive framing' of a common Union defence policy, and will lead to a common defence, when the European Council of national heads of state or government, acting unanimously, so decides.
