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October 6, 2022

Approx. EUR 10 bn for investments in agriculture

For the 2014–2020 programming period, the Rural Investments Funding Agency (AFIR) will receive approx. EUR 10 billion: EUR 8.1 billion from the European Union and 20 percent national co-financing. According to Nicolae Popa, deputy director of AFIR, the project submission, assessment, and contracting procedures will be simplified by enforcing a period of no more than three months between the assessments and contracting stages, Mediafax informs.
“The contracting procedure is also easier because the letter attesting the co-financing – a step which used to delay the contracting – is no longer required,” Popa explained at a press conference in Alba Iulia. Beneficiaries will thus be able to move forward with the purchase and go through the other investment steps more quickly, the official added.
“It will be applicable to all 11 measures set forth in the 2014 – 2020 program, from farm development and modernization, farm product processing, rural infrastructure, forest roads, agricultural roads, and irrigation, to setting up young farmers, family farms, and small farms. The Ministry will ensure co-financing for family farms through a 10-year loan. For measure 312 – setting up SMEs in rural areas – we have EUR 250 million of the necessary amount and we will grant EUR 100 million to SMEs set up in rural areas by persons who are active in an additional agricultural field; they will receive 70,000 non-reimbursable. Another EUR 150 million will be reserved for the classic option aimed at those who start a new business, who will receive EUR 200,000. I believe the 2014 – 2020 program will offer youths, small farmers, and those who wish to set up micro-farms some extraordinary advantages,” Popa said.

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