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January 23, 2022
BUSINESS

Romania requests EC 6-month extension of time limit for reimbursements through NRDP 2007 – 2013

European Commissioner for Agriculture and Rural Development Phil Hogan on Monday was notified by the Romanian Agriculture Minister, Daniel Constantin, concerning Romania’s interest in prolonging by 6 months, after December 31, 2015, the time limit for the reimbursement of the payments for the projects funded with European funds through the National Rural Development Programme (NDRP) 2007 – 2013, shows a release of the Agriculture and Rural Development Ministry (MADR).

The initiative took place during a meeting Daniel Constantin had with the European official scheduled on the sidelines of the Agriculture and Fishery Council meeting taking place in Luxembourg.

According to the relevant Ministry, the possibility to extend by 6 months the reimbursement time limit would allow Romania to reach an enhanced potential of European funds absorption.

According to the data of the Agency for Funding Rural Investments, the total payments conducted until present from the National Programme of Rural Development 2007-2013 exceeded 7.4 billion euros for investment projects and for reimbursing direct payments to farmers, and Romania reached an over 83 per cent absorption rate of European funds granted for agriculture and rural development.

The total value of the NRDP 2007-2013 stood at 9.32 billion euros, out of which 6.14 billion euros were granted to investment projects through 12 measures and three state schemes, and 3.18 billion euros, for direct payments through four measures.

 

 

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