Romania draws quarter of EU funds for tourism investments

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Romania has drawn a quarter of the European funds for tourism investments, namely 25.2 million euros, according to the statements made by European Commissioner Corina Cretu, informs a press release of the European Commission’s representation office issued on Wednesday.

“The tourism sector can make a significant contribution to the economic growth of the country and, in particular, to the development of the regions and employment in these.” Allocated for the investments in tourism is 101 million euros from the European Regional Development Fund. A quarter of the funds allocated to this field have been drawn so far,” Cretu said.

The European official had a meeting on Tuesday with Romanian Tourism Minister Mircea Dobre, with the two having discussed projects with European funding in the relevant sector. The officials underscored the potential of tourism to facilitate economic growth in less developed regions.

“We encourage less developed regions to count on investments in tourism as part of development strategies. Intelligently implemented, taking into account local assets, such investments made with European funds can lead to the development of other sectors and of the economy as a whole. Tourism investments need to be adapted to specific local conditions, for example as part of urban regeneration or smart specialization strategies,” added Cretu.

The European Commission’s Representation Office states that Romania benefits from an allocation of over 22 billion euros under the Cohesion Policy for the period 2014-2020.

Allocated for the investments in tourism is 101 million euros from the European Regional Development Fund. Thus, during this period, it is envisaged to reach almost 500,000 employees in tourist resorts, an increase by 10,000 in the number of visits to the cultural and natural heritage objectives as well as to the tourist attractions benefiting from the financing, and 10,100 square meters more of new and rehabilitated tourist buildings and areas in the tourist resorts and in the Danube Delta.