European Youth Forum decided in Maribor (Slovenia) on Saturday that the city of Cluj-Napoca would be the European Youth Capital in 2015. Out of the 12 cities that applied from across the continent, Cluj-Napoca (Romania), Ivanovo (Russia), Varna (Bulgaria) and Vilnius (Lithuania) have been selected as finalists in this year’s competition.The European Youth Capital is the title awarded to a European city for a year when it is given the chance of presenting, in the framework of a multilateral programme, the life, cultural, social, political and economic development of the youth. The concept of European Youth Capital was first introduced in 2009, with the city of Rotterdam (the Netherlands), followed by Turin (Italy) in 2010, Anvers (Belgium) in 2011, Braga (Portugal), Maribor (Slovenia) in 2013 and Thessaloniki in 2014. According to youthforum.org, ‘Cluj-Napoca presented SHARE, a strong, clear, solid, diverse and exciting programme. Cluj-Napoca Mayor Emil Boc said during a press conference on Sunday that the new status would bring higher visibility to the city in Europe, would attract a higher number of tourists and would open new investment opportunities. Boc said the project would be financed with local, national, European money as well as with private funds contributed by business entities.