about us | newsletter | contact | archive | members area
Nicolae Ghibu, Certsign
Regulations will come gradually and will cover all areas»

Agriculture: Nearly 900 million Euro earmarked for farming investments over next seven years

Nearly 900 million Euro of European and national funds are available to Romanian farmers for investments over the next seven years. Integrated projects will have priority in the new National Programme for Rural Development (PNDR) 2014-2020; the Rural Investments Financing Agency (AFIR) will select the winners based on quality criteria, issuing monthly or quarterly reports.

2015-02-10 11:57:58

Top priority will be given to projects that integrate processing of farm production, State Secretary George Turtoi of the Ministry of Agriculture told Agerpres. Funding begins at 50 percent and can reach 90 percent; 20 percent are added, for instance, based on criteria like belonging to a cooperative.

Projects are accepted anytime, with AFIR reporting frequency adapted to the inflow, says Agerpres.
Initial documentation is much simpler under the new PNDR. Subsequently, applicants have six to eight months to submit their technical projects and obtain the necessary approvals before contracting.

The initial list includes a feasibility study or a justification memo, the financing request form, the urban planning certificate and the proof of land ownership; other approvals can be requested later, to avoid spending before knowing the project is selected. Beneficiaries should, however, make an early assessment of the possibility of getting the approvals, Turtoi explained.
Upon being accepted into the system, beneficiaries will get a 50 percent upfront payment. They must also provide a firm credit contract or a bank statement to prove the necessary co-financing is covered. Further normative acts should specify the deadlines, and not meeting them will result in the termination of the project.

Agriculture Minister Daniel Constantin explained that Romania has a certain degree of freedom about the steps taken in the new PNDR, until March, when the European Commission will issue an unofficial approval. These measures concern the investments and the young farmers.
Overall allocations to the 2014-2020 PNDR amount to 9.363 billion Euro, including 8.015 billion in European Funds. Romania has to contribute 1.347 billion Euro on its own.

For the next seven years, 892.32 million Euro are earmarked for farm investments, including a national contribution of 134.35 million Euro.

There are 0 comments:

Validation Code

0 Comments  |  4381 Views
Daily Info
OTP Bank Romania posts 15 million Euro profit at the end of Q3 2018

OTP Bank Romania recorded a consolidated after-tax profit of 15.09 million Euro, in the first nine months of the year, almost twice as much as in the base period.

Black Sea Oil & Gas and Transgaz sign 15-year contract for the MGD Project gas production transmission into the NTS

Transgaz and Black Sea Oil & Gas signed the gas transmission contract for the transport of the Midia Gas Development Project (MGD Project) production into the National Transmi...

Almost 90 per cent of industrial and logistics stock is condensed in cities with highway access, says C&W Echinox

Romania's industrial and logistics market is currently benefitting from its best period in history, both in terms of supply and demand, with development being condensed in a n...

Meet the finalists and the winners of the first Automotive Awards Gala by The Diplomat-Bucharest!

Automotive Today powered by The Diplomat-Bucharest organizes Automotive Forum & Awards for Excellence Gala 2018 on 13 November at JW Marriott Hotel in Bucharest - Constanta Ba...

The second edition of Hacking Health awards three digital innovation projects for the Romanian health system

Hacking Health 2.0, the most important health hackathon in Central and Eastern Europe, took place this weekend in Bucharest at the initiative of Johnson & Johnson Romania, imp...







More on News
ArcelorMittal receives binding offer for European assets from Liberty

British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people.

EBRD cuts economic growth forecast for Romania

Romania's economy will grow by 4.2 per cent this year and by 3.6 per cent in 2019, according to the most recent forecast released by the European Bank for Reconstruction an...

MOL Group posts 835 million USD profit for the first nine months of 2018

MOL Group announced its financial results for the third quarter of 2018. With a net profit of 323 million USD in Q3, the company reached a profit of 835 million USD for the...

Black Sea Oil & Gas and Transgaz sign 15-year contract for the MGD Project gas production transmission into the NTS

Transgaz and Black Sea Oil & Gas signed the gas transmission contract for the transport of the Midia Gas Development Project (MGD Project) production into the National Tran...

Corina Popescu is the new CEO of Electrica

The Board of Directors of Electrica, one of the most valuable companies where the state is the main stakeholder, has agreed to end the collaboration with its CEO Dan Catali...

Violeta Luca is the new general manager of Microsoft Romania

Microsoft announces the appointment of Violeta Luca as general manager for operations in Romania starting in November this year. She joined Microsoft Romania for the first ...

Crosspoint Real Estate appointed exclusive sale agent for H Pipera Lake residential project in northern Bucharest

Crosspoint Real Estate has been appointed exclusive agent for the sale of the units in H Pipera Lake residential project, developed by Hagag Development Europe.