14:26, 15.08.2008 Romania Received EUR560M In EU Funds For Rural Development

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BUCHAREST / 14:26, 15.

08.2008 Romania received the first tranche of European Union funds for rural development worth nearly EUR560 million, namely, a 7% downpayment of the total sum assigned until 2013 to fund projects contracted via the National Rural Development Plan (PNDR).Romania received the 7% downpayment late last week, which will be used for payments targeting the projects selected for financing, and the grant of subsidies for depressed mountain areas.The National Payment Agency for...

Read the whole story in: Mediafax