Cohesion Policy as Instrument for Competitiveness of European Union

Abstract

The aim of the paper is to provide information about a process of drawing and implementation of the European structural and investment funds of the European Union. It is focused on the importance of Cohesion Policy of the EU within previous and current programming period. It presents a comprehensive view on strategic documents and principles. The paper analyses the setting of priorities of Cohesion Policy. The work tries to evaluate comprehensively the issues of EU funds comparing current level with past respectively expected level. It also identifies regional development and methods of management which can bring potential measures for more effective drawing the process of implementation of the EU funds.