The “Europe 2020” Strategy is the European Union’s growth strategy for the ten year period (2010 - 2020), aiming for smart, sustainable and inclusive growth - three mutually reinforcing priorities that will help Member States deliver high levels of employment, productivity and social inclusion. The Strategy sets five quantitative targets - on employment, innovation, education, social inclusion and climate/energy – to be reached by 2020. Each Member State has adopted its own national targets in each of these areas. The national targets set by Cyprus as well as their level of achievement so far is shown in the relevant Table.
In addition, the Strategy defines seven flagship initiatives that will act as catalysts for achieving progress in each basic priority at national and European level.
An overview of the Strategy.
All Member States have committed to achieve the "Europe 2020" strategy objectives, which have been translated into national targets and growth policies. Coordination and proper targeting of national efforts are required for achieving the desirable results for growth. To this end, the European Commission has adopted an annual cycle for economic policy coordination, the “European Semester”.
The National Reform Programmes (NRPs) are the basic instrument for the implementation of the “Europe 2020” Strategy at national level. They are prepared by national governments and submitted to the European Commission in mid-April. The NRPs include the national targets in relation to the EU headline targets, the progress towards their achievement and the measures that will be implemented for their achievement. The European Commission evaluates progress in each country and issues corrective recommendations. For more information with respect to the implementation of "Europe 2020" in Cyprus you may visit the website: EU2020 in your country.
In addition, more general information on the “Europe 2020” Strategy and the "European Semester" can be found on the website of the European Commission.
On 5 March 2014, the European Commission took stock of the implementation of the “Europe 2020” Strategy since it was adopted in 2010 till today and is conducting a public dialogue on the Strategy and its further development during the period 5 May until 31 October 2014. More information of the assessment of the Strategy and the public consultation as well as on the relevant questionnaire can be found on the website of the European Commission.