RSS
Brexit: Romania risks losing nearly 80 million euros per year in European subsidies
Romania risks losing nearly 80 million euros per year in European subsidies because of the Brexit, Agriculture Minister Achim Irimescu told a press conference on Thursday.
"First calculation shows that the UK annually contributes 13 billion euros to the European budget, which is made up of commitments and payments. The commitments stand at 144 billion euros in the European budget and we can make a calculation which means the withdrawal of 13 billion euro. I have checked with my colleagues in Brussels and it would affect the European budget for Romania by 2-3 percent," said Irimescu.
In his opinion, the reduction will not be even and there certainly will be negotiations, but first calculations indicate Romania could lose about 80 million euros per year.