The Ways to Strengthen Socio-economic Cooperation in the Ukrainian-Romanian Cross-Border Region
The Ways to Strengthen Socio-economic Cooperation in the Ukrainian-Romanian Cross-Border Region

Summary/Abstract: Cross-border cooperation is an efficient way to boost good-neighbourhood relations between adjoining countries. It possesses the necessary set of tools to address the most urgent issues at the level of regions and local communities and is the encouraging factor to urge state authorities to promote cooperation with neighbouring countries in institutional and financial aspects. Cross-border cooperation within Ukrainian-Romanian cross-border region provides numerous opportunities to its residents, business entities and communities in general to improve their living standards, however local and state authorities should have the strong will in creating favourable functioning environment. The paper aims to examine the current condition of Ukrainian-Romanian cross-border region‟s socio-economic development and to suggest the ways to activate it.For this matter, the authors examine current institutional environment of Ukrainian–Romanian cross-border region‟s functioning and its legal foundation. Special attention is paid to the major priorities of Ukrainian–Romanian cross-border region development in the context of 2016–2020 State Program of Cross-Border Cooperation Development of Ukraine. Economic situation in Ukrainian-Romanian cross-border region is studied based on the GDP per capita and average monthly wages and pensions rates in the adjoining “oblasts” and “judeţ”. The authors also emphasize the role of such cross-border cooperation instruments as participation in CBC ENI Programs and in institutionalized forms of cross-border cooperation as far as the region is eligible for three CBC Programs and has four Euroregions established at its territory.

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