The financial cycle of 2007-2013 has brought serious challenges for EU, partly resulting from the economic crisis, partly from the joining of further ten countries to the organization of originally fifteen members.
The budget for the realization of the joint politics and purposes of the cycle meant an unprecedented amount of 250 billion Forints.
The EU concentrated on the one hand on increasing competitiveness and higher employment for sustainable growth (job enlargement, education, qualification, research, technological development), on the other hand forming cohesion within the EU. In the case of measures taken for the development of agriculture their coordination with measures aiming at protecting nature was highly important. Cross border co-operations were funded through different regional and local initiations. Home and judicial affairs, measures taken for preserving Europe's shared cultural heritage and diversity emerged as of utmost importance providing the wellbeing of EU citizens. The most important and comprehensive aim of the 2007–2013 EU cycle – upgrading underdeveloped regions – included 17 member states, and their 84 regions. Almost one third of the whole EU population lived in these territories then, more than 154 million people.
At the beginning of the 2007–2013 budgetary period European economy had a stable growth which was stopped by the 2008 world economic crisis. Unemployment broke several decades' negative record in several countries, the debts of the states grew drastically. All this was manifested in EU support and funding: in Eastern-European countries setback reached 30 percent. The system planned for seven years should be reconsidered in due course, as the original purposes could not be reached. Both the EU and the member states had to face this challenge and make quick decisions.
Initiations upgrading underdeveloped regions and member states got a special emphasis, most of the regions of the newly joining countries were less developed.