“APDRP will reduce to less than half the number of measures for which financing will be granted and will use the extra money in the sectors that really need funding,” Nicolae Popa, deputy general manager of the agency’s Technical Implementation Department, said Tuesday at the ZF Agribusiness conference.
Popa also said the absorption rate of funds allocated for 2007-2013 currently reaches 76%, whereas for payments it stands at 52%.
Between 2007 and 2013, 67,000 projects were approved for financing, of a total 140,000 projects submitted and evaluated at EUR18 billion.