EU FUNDS FINANCING FOR MEMBER STATES

Facilitation of regional development has been applied in most of the EU Member States since the 50s of the 20th century, and it is based on the regional policy. With the help of regional policy, the EU corrects the free market to allocate resources from prosperous to poorer territories. The aim of these measures is to enhance underdeveloped regions and to improve the socio-economic conditions in them. The EU funds are a tool for implementing regional policy: applying of enhancing investment introduction methods can ensure the growth of particular industries of the state and its regions. From 2000, the EU Member States use significant financial resources that have improved the soco-economic indicators of the Member States. Economic and social inequality among the Member States has increased due to the expansion of the European region in 2004, because the new Member States significantly lag behind the level attained in the old Member States. Economic and social differences in the regions are significant. For the EU funds to create beneficial changes in the development of the Member States, an equal distribution of funds among them is necessary. The EU Member States that accessed to the EU in 2004 and 2007 have not coordinated the development priorities with the goals determined by the use of financing of structural funds because the long-term contribution of the investment has not been evaluated, but short-term problems are solved. The goal of the research is to compare the planned EU funds financing in the Member States and their groups in different periods. The EU funds financing to the Member States starting with 2000 was analysed, because this is the year when a new EU funds acquisition period started.