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Romanian Govt Signed EUR900M Financing Contracts For EU-funded Projects

The Romanian government signed financing contracts worth EUR900 million, since it was installed in December 2008, which target projects also financed from European Union funds and it will assign this year over EUR770 million for rural development projects, Romanian Premier Emil Boc said Tuesday.
Romanian Govt Signed EUR900M Financing Contracts For EU-funded Projects
19 mai 2009, 20:11, English

According to data presented by Boc in a press conference at the government headquarters, the government has approved EU-funded projects worth EUR1 billion since it was installed in December 2008.

Most financed and approved projects were registered within the Regional Operational Program (ROP) and the Sectoral Operational Program "Increase of Economic Competitiveness.”

Boc, however, stressed there are high discrepancies between various regions countrywide, with respect to the absorption process of EU funds via the Regional Operational Program. According to Boc, the northeastern region was "highly dynamic" in this respect, while the Bucharest-Ilfov region was "less dynamic."

Boc summoned the 12 presidents of development regions countrywide at the government headquarters next Tuesday, May 26, for thorough talks on the matter.

Boc said financing requests for projects meant to improve basic services in rural areas target EUR3 billion, double compared with funds worth EUR1.5 billion granted by the European Union to Romania for the 2007-2013 period.