More
    HomeBusiness & InvestmentsEconomicsRomanian Government to increase flexibility among EU funds, says PM Orban

    Romanian Government to increase flexibility among EU funds, says PM Orban

    Published on

    One of the government’s goals is to increase flexibility among the European funds, from 5 percent to 15 percent so as to be able to allocate the money to Romania’s priorities from other programmes, on Wednesday said Prime Minister Ludovic Orban at a briefing at the Victoria Palace.
    “I said that they [the European funds for the transport infrastructure] will not exceed 4.5 billion RON at the first allocation of the funds, as the budget draft shows. For this very reason, one of the goals we have in view is to increase flexibility among the funds. Currently, flexibility is capped at 5 percent of the amount of funds and our demand is to increase the flexibility percentage from 5 percent to 15 percent, so that we can allocate funds from other programmes to our priorities. Technically, this is one of the points we focus on, so as to be able to ensure additional resources,” Orban told the above-mentioned briefing, Agerpres reads.
    He added that the allocation for the transport infrastructure is insufficient, considering that Romania further has as a priority to upgrade this infrastructure, be it road or rail infrastructure.

    Latest articles

    Volker Raffel, E.ON: “With a more attractive regulatory framework, Romania could unlock an additional 1 billion euros in energy network investments”

    Romania could attract an additional 1 billion euros in annual private investment for its...

    Virgiliu Ivan, Transelectrica: “Without people, even billions of euros in energy investments cannot be delivered”

    Romania's energy transition and grid expansion efforts depend as much on human resources as...

    George Niculescu, ANRE: “Romania demonstrates that energy transition and energy security can coexist”

    Romania has become a practical example of how renewable energy expansion and traditional energy...

    More like this

    Volker Raffel, E.ON: “With a more attractive regulatory framework, Romania could unlock an additional 1 billion euros in energy network investments”

    Romania could attract an additional 1 billion euros in annual private investment for its...

    Virgiliu Ivan, Transelectrica: “Without people, even billions of euros in energy investments cannot be delivered”

    Romania's energy transition and grid expansion efforts depend as much on human resources as...