Agency for Financing Rural Investments – The Agency Which Manages Funds from Pillar II of Common Agricultural Policy

Daniel Petru Vârteiu () and Sorina Simona Bumbescu ()
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Daniel Petru Vârteiu: “1st of December 1918†University of Alba Iulia
Sorina Simona Bumbescu: “1st of December 1918†University of Alba Iulia

Ovidius University Annals, Economic Sciences Series, 2019, vol. XIX, issue 2, 199-204

Abstract: The Agency for Financing Rural Investments (AFRI) is a national agency which contributes to implementing the policy of rural development of European Union, policy which aims the growth of life’s quality in rural environment. Therefore, the purpose of this article is to emphasize: the AFRI’s importance in developing the Romanian rural environment and an analysis of the activity which this agency conducted during the two programming periods. The Agency for Financing Rural Investments is one of the two national agencies subordinated to the Ministry of Agriculture and Rural Development, its main role being represented by implementing rural development measures. This agency was instituted based on the Government Emergency Ordinance no. 14/18.06.2014 and finances Romanian rural environment through some measures such as investments in physical assets, agricultural holdings and businesses development, basic services and village renewal in rural areas, investments in developing forest areas and ameliorating forest viability, support for setting up producer groups in the agricultural sector, support for agricultural and fruit – growing cooperation.

Keywords: rural development; European funds; payment agency; agricultural financing (search for similar items in EconPapers)
JEL-codes: Q14 (search for similar items in EconPapers)
Date: 2019
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