As established in the National Strategic Reference Framework for Romania the EU funding will be invested in order to reduce the economic and social development disparities between Romania and the EU Member States, by generating 15-20% additional growth of the GDP by 2015. For the 2007 -2013 period, Romania has been allocated approximately €19.2 billion under the Convergence objective and € 455 million under the Territorial Cooperation objective. Romania’s contribution ( including private sources) to complement the EU investments will reach at least € 5.5 billion bringing the total investments in structural and cohesion policy to approximately € 25.2 billion over the next seven years
Structural fund, cohesion, strategy, financial perspective, European standards
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