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EU Cohesion Policy: €31.5 billion for Romania’s economic, social and territorial cohesion, competitiveness and green and digital transition in 2021-2027
Romania will receive a total of €31.5 billion from Cohesion Policy in 2021-2027 in the framework of its Partnership Agreement with the Commission to promote the economic, social and territorial cohesion of its regions and its green and digital transition. The EU funds will also support the development of a competitive, innovative and export-oriented Romanian economy.
Increasing economic competitiveness and digitalisation
€4.33 billion from the European Regional and Development Fund (ERDF) will support Romania’s innovative and smart economic transformation. Funds will increase the competitiveness of small and medium-sized enterprises (SMEs), and support research and innovation, in particular through business-academia collaboration. Innovative enterprises and innovative activities in traditional SMEs will also be supported.
The EU will also invest in the digitalisation of companies and the development of innovative digital public services. The digital skills of the population, particularly students and teachers, will also be improved.
A boost for the green economy
€6.75 billion from the ERDF and Cohesion Fund will be invested in the green transition, in particular in green energy, reduction of carbon emissions, environmental infrastructure, biodiversity conservation, green spaces, risk management and sustainable urban mobility measures.Among these, €2.3 billion will improve the energy performance of residential and public buildings […]