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Romanian Agriculture Funding: Approaches Regarding the Funding in Romanian Agriculture After EU Integration
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Author(s): Ancuta Marin (Research Institute for Agricultural Economics and Rural Development, Romania)
Copyright: 2019
Pages: 24
Source title:
Agrifood Economics and Sustainable Development in Contemporary Society
Source Author(s)/Editor(s): Gabriel Popescu (Bucharest Academy of Economic Studies, Romania)
DOI: 10.4018/978-1-5225-5739-5.ch008
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Abstract
Romania's EU integration has determined major economic changes, including the transition to a functional market economy which meant the existence of a competitive environment, free commercial exchanges, and free movement of people, capital, and services. To solve the existent delays, Romania has benefit from the European Community's funds for investment in agriculture and rural areas through the financial mechanism which assures non-reimbursable funds for farmers, private societies, and local authorities. Without claiming that we are exhausting the issue of financing in Romanian agriculture, the topic addressed brings some issues regarding the financing under the National Rural Development Program (NRDP) and the possible explanations of the low absorption rate of these funds. NRDP is a program which allow people to access non-reimbursable funds from EU and Romanian Government for economic and social development of the rural area.
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