VILNIUS - The European Commission will begin reviewing the EU's 2007-2013 budget and, starting next year, increase the funding for projects aimed at accelerating economic progress, ensuring more energy security and stability of the energy supply.
The EU approved a proposal from the EU Budget Commissioner Dalia Grybauskaite to revise the structure of the 2007-2013 financial perspective and allocate an additional 5 billion euros for energy connections in 2009 and 2010.
"The financing of energy connections is a necessity and a realistic precondition for enhancing the energy security of Lithuania and other Baltic countries and their independence," Grybauskaite said in a press release.
The budget commissioner said that the integration of the Baltic energy markets into the EU's common energy system was a top priority for the European Commission.
A Baltic energy links plan, which has been drawn up recently, is one of the first of the Commission's six top energy strategy priorities.
"Today's decision translates the political priority into concrete financial terms and lays down a financial framework for the idea of energy security," Grybauskaite said.
The most advanced projects in the area of information society development will be also eligible to funding under this financial package, the European Commission said.
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