European Funds 2007-2013
Romania participates as member with full rights to the Cohesion Policy and Common Agricultural Policy and will benefit, within the programming period 2007-2013, of an indicative financial allocation of approx. 30 billions euro.
Structural and Cohesion Funds, also known as Structural Instruments, are financial tools used by The European Union to reduce economical and social disparities between regions and aiming at attaining economical and social cohesion.
European Regional Development Fund (ERDF) – support the sustainable integrated regional and local economic development by mobilising regional and local economic structures, primarily through the following priorities: research and technological development, innovation and entrepreneurship, Information society, prevention of risks, transport, investments in health, support in SMEs investments, tourism, environment, energy etc.
European Social Fund (ESF) - supports the following priorities: increasing adaptability of workers and enterprises, enhancing access to employment of job seekers and inactive people, preventing unemployment, reinforcing social inclusion of people at a disadvantage and combating discrimination.
Cohesion Fund – is used to finance projects in the field of environmental protection, Trans-European Transport networks, sustainable development and also projects aiming to improve the management of road an air traffic, modernization of urban transport, development and modernisation of multimodal transport.
The main objectives of Structural Fund for the period 2007-2013 are: Convergence, Regional competitiveness and employment and European territorial cooperation objective.
The total amount allocated to Romania through Structural and Cohesion Funds for the period 2007-2013 is by 19,668 billions Euro: 12,661 billions Euro of Structural Funds allocated through Convergence Objective, 6,552 billions Euro of Cohesion Fund and 0,455 billions Euro for European territorial cooperation objective.
Besides the investments through the Structural Instruments related to the Cohesion Policy, there will be the available financing through the Common Agricultural Policy and Common Fisheries Policy of the European Union. During the programming period 2007-2013, Romania will benefit of the European Agricultural Fund for Rural Development and European Fisheries Fund, having allocated a budget of approx. 12 billions euro.