Romanian-Serbian Cross-Border Cooperation Program Allotted EUR20.1M For 2012-2013
The Romanian-Serbian cross-border cooperation program will have a budget of EUR20.1 million between 2012 and 2013, of which EUR17.1 million represents EU financing and the remainder is national co-financing ensured by the two states.
The Romanian Government decided Wednesday to revise the program to include financing provided by the European Commission for 2012-2013, the Romanian Regional Development Ministry said in a press release Thursday.
The program’s budget for 2007-2011 stands at EUR42.3 million, of which 85% represents EU financing and the remaining 15% is national co-financing.
The cross-border cooperation program is financed by the European Union through the Instrument for Pre-Accession Assistance (IPA) and is co-financed by partner states.
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