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Thursday, April 14, 2011

European Fund


Term used in connection with three main European Union institutions of interest in the context of travel, tourism and hospitality: European Development Fund (EDF) to provide aid under the Lomé Convention and the Cotonou Agreement; European Regional Development Fund (ERDF) to make grants and loans for the development of less developed regions of the Union; European Social Fund (ESF) to assist the redeployment of workers who become unemployed, particu- larly by the creation and policies of the Community. Also relevant is the European Agricultural Guarantee and Guidance Fund, which has contributed, i.a., to the development of farm and rural tourism.

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