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Bucharest
June 12, 2021
BUSINESS

Absorption of European funds for agriculture and rural development has reached over 80 pc

The Agriculture and Rural Development Ministry informs that Romania has so far accessed EUR 12.84 bln from the European Agricultural Guarantee Fund (FEGA) and the European Rural Development Fund (FEADR), which represents an absorption rate of 80.70 per cent of the funds earmarked in 2007-2013. In what concerns the payments for the 2007-2013 period, from each of the two funds, the situation is this:
The Agency for Payments and Intervention for Agriculture (APIA) has so accessed EUR 6.85 bln from FEGA, representing an absorption rate of 88 per cent from the total EUR 7.79 bln earmarked.
The Agency for the Financing of Rural Investments (AFIR) has accessed EUR 6 bln from FEADR, representing an absorption rate of 74 per cent from the total EUR 8.12 bln earmarked.
“We are in a year in which the absorption of European funds which the minister manages has registered an exponential rise. APIA has so far this year paid over EUR 1.39 bln, while AFIR, the other Agency, has paid EUR 835 M. We are talking about EUR 2.2 bln in 2014 alone,” Agriculture and Rural Development Minister Daniel Constantin stated.

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