Annual report 1994 Cohesion Fund – Complement

Summary:

The regulation establishing the Cohesion Fund took effect on 26 May 1994. On that day the Cohesion Fund replaced the cohesion financial instrument established on 1 April 1993 following the decision taken by the Heads of State and Government at the Edinburgh Summit in December 1992.

On 17 January 1995 the European Commission issued its annual report concerning the cohesion financial instrument covering the period from its establishment to its replacement by the Cohesion Fund.

The present report covers the period from 26 May 1994 until 31 December 1994 and thus completes the reporting on activities for the all calendar year 1994.

In order to facilitate the reading of the present report, page references to the report on the cohesion financial instrument have been inserted throughout the text. By adopting this report the Commission fulfils its obligation under the regulation establishing the Cohesion Fund to produce an annual report on the activities of the Fund.

It is intended to establish a consolidated version of the report on the cohesion financial instrument and on the Cohesion Fund covering 1993 and 1994. The consolidated report, which will not be legally binding, will be given a wide distribution to serve as a vehicle of information on the Fund's activities to a wide audience.

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