Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map What's New?
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
Romania to receive six percent of EU development funds in 2007
+ -
20:52, July 12, 2007

 Related News
 EU mulls charter on rights of energy consumers
 Comment  Tell A Friend
 Print Format  Save Article
Romania will this year receive six percent of EU funds allocated for development to member states, European Commissioner Danuta Hubner said here on Thursday.

Funds earmarked for Romania are expected to be channeled into the environment, energy, communication, infrastructure sectors and into personal training, Hubner said during the Conference of Structural and Cohesion Funds for Romania.

Romania and the European Union signed an agreement on the National Strategic Reference Plan, as a reference document for the allocation of Structural and Cohesion Funds.

Under the deal, the EU will set aside 19.67 billion euros (26.75 billion U.S. dollars) from the funds for Romania in the 2007-2013 period.

Hubner said major differences between the economies of member states will exist in the future, but, fortunately, Romania has a high growth potential.

State Secretary with the Ministry of Economy and Finance Sebastian Vladescu said that Romania's challenge will be to catch up with other member states economically.

"Romania can reach the the EU average by 2015," Vladescu said.

Source: Xinhua

  Your Message:   Most Commented:
Ambassador reviews Germany-China relations
President Hu vows to remain committed to "one country, two systems" principle
CPC full of vigor and vitality
Chinese leader urges college united front members to make more contribution
China's trade surplus expected to exceed 100 bln USD in first half

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved