Romania – 48% actual absorption degree of European funds for agriculture and rural development

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Romania has 48% actual absorption degree of the European funds for agriculture and rural development, is on the 6th position in the European Union, the Ministry of Agriculture and Rural Development (MADR) informs on Wednesday.

The increase in 2019 in the absorption rate through the National programme for Rural Development during 2014-2020 is 36.2% against the same period of 2016.

“Romania manages for 2014-2020 an allocation of EUR 8.1 billion through EAFRD, and is 6th in the EU after Italy, France, Germany, Poland and Spain. In terms of payments to the EAFDR beneficiaries, Romania is 2nd in the EU, after France. If we refer to the absorption degree in 2019, we notice an increase of 36.2% against the same period in 2016,”a release signed by State Secretary with MADR Gabriela Gheniu reads.

The beneficiaries are farmers, processors, entrepreneurs and local public authorities in Romania, which have committed to complete ambitious projects with positive economic impact over long term, meant to develop the rural environment by effective and efficient investments, at European standards.

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