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Bucharest
July 31, 2021
ECONOMY FINANCE&BANKING

Vice Premier Dincu, Commissioner Cretu launch project for less developed regions of Romania

Vice Premier Vasile Dincu, minister of Regional Development and Public Administration, and the European Commissioner for Regional Policies, Corina Cretu on Thursday launched in Bucharest the “Less developed regions” project that will run for a year, in the Northeast and Northwest regions of the country with the aim to covering a strategic development profile and maximize the European funds’ impact.

On this occasion, the two officials have inked a protocol focusing on the drafting of the development strategies of the mentioned regions for the next seven years.

“Romania is the first country to implement this initiative, followed by Poland with two regions as well. It is not about additional money, the idea is to have experts from the European Commission, in the field alongside Romanian expertise, to draft the development strategies of these regions for the next seven years, in order to find out what were the hindrances that have slowed down the EU funds’ absorption in these regions, to remedy what has been identified in these seven years and to have a higher impact of the regional programmes. Basically, it is about the 22.4 billion euros per entire country and each country is allocated the money according to its development level,” said Corina Cretu.

“We expect that together with the European Commission, with local specialists, we will build development strategies for the said regions, to be more efficient, more pragmatic,” said Vasile Dincu.

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