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Romania could absorb half of EU funds for 2008

Publicat la 11.05.2008, 21:00:00

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Romania could absorb half of EU funds for 2008
The Rural Development Program will absorb €987 million. Liviu Voinea, Executive Manager of independent think tank Applied Economy Group, said the situation is better than last year, when €1.3 billion were granted, and no funds were spent.

The President of the Romanian Agricultural Producers Association, Viorel Matei, believes that 100 percent of European funds for 2008 will be absorbed. The most important projects this year are for the environment and transportation.

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