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Romania Could Attract EUR2.5B In Non-reimbursable EU Funds – Fin Min

Romania could attract up to EUR2.5 billion in non-reimbursable European Union funds for 2007-2013, and authorities plan to get EUR800 million by yearend, economy and finance minister Varujan Vosaganian said Monday.
Romania Could Attract EUR2.5B In Non-reimbursable EU Funds – Fin Min
10 mart. 2008, 15:21, English

"Our objective for 2008 is to attract EUR800 million EU funds for approved projects," Vosganian said Monday at the launch of the operational program aimed at increasing economic competitiveness.

The projects will benefit from co-financing for 15% of the costs, and final sums could amount to EUR3 billion.

The operational program stipulates the granting of EUR646 million to research, EUR470 million for information technology in the public and private sector, EUR725 million for energy efficiency and EUR90 million for technical assistance, said Eugen Teodorovici, state secretary in the Ministry of Economy and Finance.

Vosganian said labor productivity is to increase 5.5% annually by 2015, faster than the gross domestic product, and is seen reaching 55% of the EU average productivity.

Vosganian also noted that last year, for the first time after the Second World War, energy consumption had a different evolution than the gross domestic product, as it decreased 1% while the economy GDP grew 6%.