Geoana: Romanians coming back home can receive 25,000 euros from EU agriculture funds

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The Romanians who come back to home from abroad can receive 25,000 euros from the EU funds for agriculture, Senate’s President and head of the Social Democratic Party (PSD- in the ruling coalition) Mircea Geoana told a news conference on Thursday.

‘As far as I know, the Agriculture Ministry, under the measure 121, allocates 25,000 euros to those willing to start a business in agriculture.
For those who come back home and want to start such a business, besides this money, the Romanian state offers them a 60 percent cut for buying farming machines and tools,’ Geoana said.

The Measure 121 will be launched over Aug. 17 – Sept. 18, 2009. The funds available for the Measure regarding the Modernization of the agricultural exploitations amount to 161,273,139.60 euros.
As much as 2,000,000 euros is the largest non-repayable amount that may be granted for financing a project within the Measure 121.

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