european union
funding
As an EU member, Romania will benefit from post accession funds, which are significantly
larger than the pre-accession funds.
The total amount allocated for Romania for the period 2007-2013 for Structural and Cohesion Funds is
Euro 19,668 billion, out of which:
- Euro 6.552 billion - Cohesion Fund
- Euro12.661 billion - European Regional Development Fund and European Social Fund within Convergence Objective
- Euro 455 million - European Regional Development Fund within European Territorial Cooperation Objective.
Allocations for agriculture, rural development and fisheries for 2007-2013 are estimated at Euro 7.1 billion
from European Agricultural Fund for Rural Development and Euro 0.2 billion from European Fund for Fisheries.
The main post-accession funds available starting with January 2007, include:
- European Regional Development Fund (ERDF), which promotes economic and social cohesion through
the reduction of imbalances between regions or social groups;
- European Social Fund (ESF), which improves the employment opportunities for unemployed and disadvantaged groups;
- Cohesion Fund (CF), a special fund that finances projects in the transport and environment sector;
- European Agricultural Fund for Rural Development (EAFRD) and the European Fund for Fisheries (EFF)
to support the Common Agricultural Policy and the Common Fisheries Policy.
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