Vienna/Nicosia, 30 August 2012 Press release

EU multiannual budget 2014 – 2020 negotiated in Cyprus

Vienna/Nicosia, 30 August 2012 – The Ministers of European Affairs of the EU member states met for an informal meeting today at the invitation of the Cyprus Presidency to discuss the financial framework 2014 – 2020. “Austria, as a net contributor, finds the current proposal of the Commission is excessive”, Secretary General in the Austrian Foreign Ministry, Johannes Kyrle said. He also underlined the potential of small and medium-sized companies with regard to creating growth and jobs in Europe. Against the background of the ongoing debates about the EU financial plan, Vice Chancellor Spindelegger recently proposed the establishment of an EU Growth and Innovation Fund where financial funds are to be combined and used to support, above all, small and medium-sized companies.

In the negotiations, Kyrle stressed the connection between rural development and the promotion of sustainable growth in Europe and several Ministers of European Affairs picked up on that.

The atmosphere of the meeting in Cyprus, which was also attended by representatives from the European Parliament, was good. The informal talks were at the beginning of the final phase of negotiations about the EU financial framework 2014 – 2020 that are expected to be concluded by the end of this year.

Federal Ministry for
European and International Affairs
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