A new European Neighbourhood Instrument (ENI) has been established to facilitate cooperation with the European Union neighbourhood countries. The ENI budget is €15.4 billion for the period 2014-2020. The indicative allocation for Regional East program is EUR 418-511 million for the period 2014-2017. The four priority sectors eligible for funding include: Eastern Partnership including Flagship initiatives, regional cooperation frameworks, energy and transport, and horizontal and sectoral support for multilateral cooperation. For more information see the press release.