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Commission adopts ‘Partnership Agreement' with Romania for EU Structural and Investment Funds, 2014-2020

(06 August 2014)

Commission adopts ‘Partnership Agreement' with Romania for EU Structural and Investment Funds, 2014-2020

The European Commission has adopted a "Partnership Agreement" with Romania setting down the strategy for the optimal use of European Structural and Investment Funds to benefit the countries' regions and people. Today’s agreement paves the way for investing €23 billion for Cohesion Policy, €8 billion for rural development and €168 million for fisheries and the maritime sector.

The EU investments will help tackle unemployment and boost competitiveness and economic growth through support to innovation, training and education in cities, towns and rural areas. Investments should also enhance the quality of the education system, directly responding to skill shortages and enhance the capacity and effectiveness of public administration.

Commenting on the adoption, Commissioner for Regional Policy, Johannes Hahn said: "This is a vital, strategic investment plan that sets Romania on the path to jobs and growth for the next 10 years. Romania now has a firm base in this Partnership Agreement that covers all Structural and Investment Funds and gives strategic direction to future programmes that will enhance innovation, transform Romanian SMEs into models of growth, and boost Romania's competitiveness in growing sectors like ICT, energy, engineering, nano-technologies or bio-economy. The ESI Funds are helping Romania's regions and cities to face these challenges."

More information:

ESIF - Partnership Agreements

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