Abstract
The subject of this paper is to present the shape, the legal basis and the prospects for the development of the European Union regionalpolicy. This policy assumes great importance in the face of weakening of state’s structures due to the European Union bodies anddecentralization of management of local affairs. The EU regional policy is a very problematic area and requires extensive studies.Thus, I confined myself to analyze the development of basis of the EU regional policy primarily through the prism of treaty law. Theanalysis showed a rate of development which process still continues. Despite a good legal basis, the EU regional policy still requiresconstant adjustment, especially when it comes to rationalizing subsidies. The passive regional policy leads to promote only the economicallyunder developed areas. Therefore, it is necessary for the implementation of programs to support the innovation, especiallyin highly developed regions, which are the engine of the whole European Union economy.KEYWORDS: regions, cohesion policy, structural programmes, innovative economy, the Regional Committee.
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