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.
The program finances projects regarding economic and social development, environment protection, training for emergency situations and cultural exchanges, as well as programs aiming to enhance the social and cultural integration of border communities.