Holland gives away eight million euros

Romanian agricultural, industrial, technological, transport and infrastructure companies, as well as SMEs in general, may benefit from non-repayable funding for investments, with the help of the Dutch programme for co-operation with Eastern European countries (PSO).

The main eligibility requirement for PSO is finding a long-term Dutch partner to develop the investment project of a specific Romanian company.

The Dutch Government this year has allocated eight million euros for PSO funding in Romania. To be eligible, the Romanian company is required to be fully privately-owned. It is also required to include environment protection strategies in the investment project.

The Dutch partner takes care of all the formalities for obtaining funds, presenting and promoting the investment project before Senter – an agency of the Ministry of Economic Affairs in Holland, in charge of the PSO programme management.

A project bid is scheduled for next month, followed by Senter experts’ visits to the applicant companies. The selection of those to get the funding will end in November. Any further details can be obtained from the Royal Dutch Embassy.