Romanian Govt To Allot Funds For Investments In 1H 2011

Romania's Government agreed with its foreign lenders to allot funds for investments in the first half of next year, in order for them to be used more efficiently, Prime Minister Emil Boc told the ministers managing European money, in a meeting of the committee on community funds on Tuesday.

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Boc asked the ministers to draw up a list of European projects that can be financed in the first six months of 2011, so that co-financing for them could be assigned higher priority in the 2011 state budget, says a Government press release.

Data analyzed during the meeting stated that requests had been submitted for 22,890 projects between 2007 and October 29, 2010, of which 5,983 were approved. Contracts or financing decisions have been signed for 4,318 projects. The total funds granted in the same interval, through all seven sectorial operational programs, amount to more than 5.8 billion lei (EUR1=RON4.2848).

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