The announcement of the European Commission concerning the EU budget for 2010-2014 includes 40 percent increase in the expenditure on the European Neighbourhood Policy. This would also mean the increase in funds for the Eastern Partnership.
On June 29, the European Commission proposed the new EU budget for 2014-2020: A Budget for Europe 2020. The adopted preliminary budget estimate includes the sum of 16.1 billion € for the European Neighbourhood and Partnership Instrument (ENPI). In case of accepting the EC’s proposition, ENPI will receive 40 percent more than in the last settlement period 2007-2013 (11.6 billion €).
European Neighbourhood and Partnership Instrument is a financial instrument, through which the European Commission together with the External Action Service of the European Union carries out the European Neighbourhood Policy (ENP). ENP determines the frame of cooperation between the European Union and its 16 immediate neighbours. It is within the framework of ENP, that the Eastern Partnership programme is situated among other initiatives of regional character, like the Black Sea Synergy and the Euro-Mediterranean Partnership.