Convergence and economic integration of CEECs through EU regional policy system

In order to assess the effectiveness of individual management systems in analysed EU countries (Croatia, Poland, Slovakia, Latvia, Lithuania, Estonia, Malta, Cyprus, Slovenia, Hungary), an econometric analysis interdependence between quality institutional and regulatory framework absorption funds economic growth was conducted. Conceptually, aims identify two levels variables on one hand dependent other: (1) effect environment funds; (2) growth. The results confirm that have led increased which provides basis for convergence. However, allocation alone did not necessarily increase competitiveness countries. Thus, paper confirms importance improvement particular grant recipient country, as this only increases funds, but also improves prospects.