ACTMEDIA NEWS AGENCY

  |  2013-01-11

Gov't to no longer approve investments that can by funded by EU money

The Romanian Government will no longer, in 2013, approve funding any investment for which the local authorities have the possibility to access the European Union funds, Prime Minister Victor Ponta announced.

'It is being banned by the budget law: if one can go access a European (Union) fund, one should no longer come to ask for money from the state budget because one either does not have the energy, or the competence or the will to obey the tough rules regarding the use of the European money', Ponta said at Victoria Palace (the Govt's offices).
 

The executive will also stop assigning the money by political criteria and will no longer give the town halls money from the Reserve Fund, the Prime Minister added.
 

He also urged the institutions to no longer pledge spending without having the money for it and he cited the example of the George Enescu Music Festival.

 

One third of investments in 2013 to come from EU funds

 

One third of the public investments the 2013 budget schedules will come from EU funds, PM Victor Ponta told a news conference at the Victoria Palace, on Thursday.
 

The 2013 budget schedules investments worth 7.8 billion euros, and 2.5 billion euros of it are to come from EU funds.
 

The largest amount will go to the salaries, namely10.2 billion euros, and 11.1 billion euros to the pensions.

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