The Government grants EUR 600 mln for financing EU programs and projects

Newsroom 05/08/2011 | 15:37

Prime Minister Boc announced yesterday that EUR 600 million will be temporarily allocated from the Treasury for financing European programs and projects, until payments from the EU are resumed. Romania has voluntarily blocked invoices from being sent to the EU, until public tender procedures for EU funded projects are verified and to prevent infrastructure projects from being halted.  

Catalin Vatafu, director of the Authority of Structural Instruments Coordination, hopes that the verification of auction procedures will restore trust on the verification and control mechanism for the implementation of structural funds. Thus, the European Commission may restart reimbursements for implemented EU projects by October.

Public Finance minister, Gheorghe Ialomitianu, presented the distribution of the allocated sums and mentioned that the temporary funds come from privatizations that the Romanian government has undertaken in recent years.

Distribution of funds

Ministry of Regional Development and Tourism – RON 980 million
Ministry of Labour, Family and Social Protection – RON 405 million
Ministry of Transportation and Infrastructure – RON 280 million
Ministry of Environment – RON 33 million
Ministry of Economy, Commerce and Business Environment – RON 246 million
Ministry of Administration and Interior – RON 45 million
Government Secretariat – RON 19 million

Ovidiu Posirca

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Newsroom | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue