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Bucharest
March 4, 2021
BUSINESS

Romania and Hungary set up company to draw European funds

Romania and Hungary will set up a joint venture to draw European funds with a view to upgrading border points once Romania joins the Schengen Area, the minister of Transports, Anca Boagiu, stated, yesterday, at the end of her meeting with the Hungarian Development deputy minister, Pal Volner, Agerpres reports. The minister underlined that Romania and Hungary have a shared interest in developing the TEN-T European transport axes network, as well as in implementing the Danube strategy, which translates in EUR 10 bln-investments in projects in the years to come. “We support Romania’s accession to the Schengen Area and we support Romania. We have shared targets as regards the development of the TEN-T network and the cohesion policy and, for that reason, we will continue to pursue joint projects,” Pal Volner stated. On the matter of the Schengen accession, Anca Boagiu stated the Ministry of Transports had met all its obligations to reach this objective.

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