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Agriculture : 10% European fund absorption in agriculture until end of 2016

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The European fund absorption rate in agriculture and rural development proposed until the end of the year is about 10%, which means between 800 and 900 million euros, of which investments represent 400 million euros, said David Eugen Popescu, the general manager of AFIR.

“We have selected projects of about 1 billion euros and authorised payments of 650 million euros, an absorption degree of about 7.5% and a target of 10% until the end of the year. These amounts represent payments for investments and at the same time, payments made with the support of APIA for delegate measures which are important. However, for the end of the year, this 10% we suggest means between 800 and 900 million euros paid, we are talking about real absorption, while the component for investments will be more than 400 million euros. This means balance between investment payments and area payments,” Popescu said at the conference “PNDR 2014-2020- Present and future” organized at INDAGRA.

He pointed out that the return of money for payments already made - 290 million euros - was requested from the European Commission.

According to data supplied by the Agency Financing Rural Investments (AFIR), the agency has received since April 2016 to the present day, by means of financing sub measures of the National Program for Rural Development 2014-2020, 12,896 financing applications for investments in agriculture and rural development. The total value of applications is over 1.58 billion euros.

Most financing applications (4,578) were sent online for sub measure 6.1 “Young farmers’ installation” by which every project can benefit from a maximum of 50,000 euros. Growing interest was recorded for sub measure 4.1 “Investments in farm exploitations”for which AFIR received 721 financing applications made online. The total value of projects sent for sub measure 4.1 amount to 310.2 million euros. 119 financing requests for 54.5 million euros were made for “Investments in fruit tree exploitations”.

Sessions open until November 30, 2016 fare or sub measure 4.1 and for 4.2 “Processing farm produce” and 4.2 “Processing products in the tree growing sector” until December 15, 2016.

There are active sessions until December 30, 2016 or until the termination of funds for financing projects within GBER and of stimulating regional development through investments, for processing and marketing of farm produce to obtain non farming products for measure 4.2 and 4.2 a of PNDR 2020, as well as for producer groups (sub measures 9.1 and 9.1a).

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