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Over 300 million euro were brought in Timis county economy

Date: 18/07/2013
Source: Timis Online

The National Rural Development Programme brought in Timis county 300 million euro. Totally, more than 5.800 contracts were signed, the degree of absorption being of 52.87%.

The Regional Payments Center for Rural Development and Fisheries, 5 West Romania (CRPDRP 5 West Romania) signed 5.808 financing contracts in the amount of 600.257.011.85 euro.
Therefore, payments were made to beneficiaries in the amount of 302.807.880.89 euro, which represents an absorption rate of 52.87%.

Most of the money has been allocated for renovation and development of rural areas projects, in the amount of 124 million euro.

1.448 applications were contracted within the Measure 112 "Setting up of young farmers". The total value of the projects is of 35.278.000.00 euro and the payments made to young farmers amount to 22.914.353.96 euro.

226 applications were contracted within the Measure 121 "Modernization of agricultural holdings", contracts with a total value of 87.758.629.00 euro.

The measure "Support for the creation and development of micro-enterprises" (Measure 312) had 391 contracts with a non-refundable grant of 49.370.678.00 euro.

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