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Romania: European Fisheries Fund money to improve living standards |
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Thursday, 25 March 2010 00:00 |
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EUR100m from the EU is available for the development of alternative economic activities in fishing communities. The money is available under Axis 4 of the European Fisheries Fund and can be accessed by local communities and consortia with local partners with proposals to improve living standards and prevent the migration of inhabitants. Minister of Agriculture and Rural Development Mihail Dumitru says that the partnerships can receive up to EUR30,000 to develop and present a proposal. The projects themselves can have a value of EUR6-7m. Local governments are eligible for 100% financing while private partnerships are entitled to 50%. Proposals will be evaluated by the end of the year so that implementation can commence in 2011.
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