Romania’s AgriMin launches procedures for EUR2bn investments in agriculture

The agriculture minister will launch this month all procedures and guides for projects in agriculture that benefit from EU and state financing, the authority announced in a release to the local media. The allotment for this year amounts to around EUR2bn and are part of the National Program for Rural Development (PNDR). More than EUR1bn should finance projects of private beneficiaries and the rest are planned for projects of the public authorities. The funds would be used to co-finance projects of public authorities and to ensure financing until EC disburses the requested and accepted funding.

The Commission allotted nearly EUR23bn to Romania from the structural and cohesion funds in the 2014-2020 budgetary period of which almost EUR11bn should co-finance projects eligible for the European Regional Development Fund. The local authorities are again late with implementing the financing schemes and procedures, while the management authorities handling the absorption are still not authorized. The EU funds absorption target for this year stands at about EUR5bn, of which approximately EUR3bn are direct payments in agriculture and EUR 2bn should come from structural and cohesion funds.

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