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Switzerland approved a nonrefundable financing of 130 million euro for Romania 

de A.C
Joi, 24 iunie 2010, 22:25 English | Regional Europe

The Swiss government approved on Wednesday an agreement through which Romania will receive a non refundable financing of about 130 million euro which will be approved by the government shortly, a press release of the Finance Ministry reads. The funds will be used for financing in sectors like the environment, infrastructure or the private sector. 

Other eligible sectors are social development, human resources and security, stability and support for reforms. Romania can hire funds in 5 years since the agreement is signed. The effective period for payments is 10 years. 

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