Methodology set in place for management of European fisheries funding
The community’s contribution to the European Fisheries Fund complies with the community budget commitments and grounds on the Operational Program for Fisheries approved under the decision of the European Commission.
According to the normative act, MADR opens through DGBFFE accounts with financial-banking institutions or with the State Treasury for the transfer of the amounts reimbursed by the European Commission from the Fisheries Fund.
MADR selects the financial-banking institutions through DGBFFE according to the provisions of the Government’s Emergency Ordinance No. 34/2006 on the award of public procurement contracts.
Until 2013, the Romanian fishing sector will benefit from non-repayable public funds worth 307 million euros, informs the Ministry of Agriculture and Sustainable Development.