The funds will be used to make payments for the reimbursement of eligible expenses toward beneficiaries and the payment of eligible reimbursable expenses included in the payment applications targeting structural instruments, for the program increasing economic competitiveness (POSCCE), the program for the development of human resources (POS DRU) and the Regional Operational Program (POR).
The amounts will be distributed to the Romanian EU Funds Ministry for the POSCCE and POS DRU programs, namely, RON460 million and RON560 million, respectively, and to the Ministry of Regional Development and Public Administration (for the Regional Operational Program) – RON400 million.
The amounts the government will allocate to EU fund management authorities from privatization proceeds will be paid back to the Romanian Finance Ministry from the amounts that will be reimbursed by the European Commission by May 30, 2015.