REGI Factsheet

Fact Sheet

The Committee on Regional Development

Bilateral agreement: It is an agreement between two parties, such as Member States. They range from legal obligations to non-binding agreements. 

Europass: It is a tool that can be used to create a profile containing a motivational letter and a CV, that is widely accepted across Europe.

Eurodesk: It is an European programme targeted to young people from 36 countries, created as a reliable information source about studying, volunteering, etc. abroad. 

Euroregion: It is a transnational cooperation structure between two or more adjacent European countries and represents a type of cross-border region. 

The European Regional Development Fund (ERDF):  It is one of the main financial instruments of the EUʼs cohesion policy. Its purpose is to contribute to reducing disparities between the levels of development of European regions and to reduce the backwardness of the least-favoured regions. Particular attention is paid to regions which suffer from severe and permanent natural or demographic handicaps, such as the northernmost regions, which have very low population densities, and island, cross-border and mountain regions.

The European Research Council (ERC): It is a public EU institution for funding scientific and technological research executed within the Union. Researchers from any field can apply for funding within the ERC. 

The European Central Bank (ECB): It is the central bank of the euro area and an EU institution located in Frankfurt am Main, Germany. Together with the euro area national central banks, it forms the Eurosystem, which conducts monetary policy in the euro area. Its primary objective is to maintain price stability, i.e. to safeguard the value of the euro. In addition, the ECB, in cooperation with the national supervisors, carries out banking supervision in the euro area and in other participating Member States within the Single Supervisory Mechanism (SSM).

The European Language Equality Network (ELEN): It is an NGO that promotes and protects lesser-used European languages and works towards multilingualism in the continent. 

European Territorial Cooperation (ETC) or so-called Interreg: It is an instrument of the European cohesion policy with the aim of solving problems across borders and to create joint solutions to common challenges and problems. Its projects are supported by the European Regional Development Fund (ERDF). It has three components: cross-border cooperation, transnational cooperation and interregional cooperation. Cross-border cooperation programmes are carried out under Interreg A, a section of the ETC. 

European Qualifications Framework (EQF): It is a translational tool used to compare national educational and professional qualifications across Europe. 

Healthcare cooperation zone: It is a term used to describe an area of land at a small distance from a national border, in which the national healthcare systems could potentially cooperate without limitations in case of need or emergency.

Multinational agreement: It is an agreement between three or more parties, such as Member States. They range from legal obligations to non-binding agreements. 

Recovery and Resilience Facility: It is a facility that aims to mitigate the economic and social impact of the COVID-19 pandemic. It offers €672.5 billion in loans and grants to Member States. 

Small and medium-sized enterprises (SME): They are businesses whose personnel numbers fall below 250 people and have a maximum turnover of €50 million. 

Trans-European Transport Network (TEN-T): It is an actor in the areas of transport, energy, and telecommunications, first mentioned in the Treaty of Maastricht in order to connect all the regions of the EU. These networks are tools intended to contribute to the growth of the internal market and to employment, while pursuing environmental and sustainable development goals.