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Dec 09, 2009 14:35 EEST
BUCHAREST (Romania), December 9 (SeeNews) – The Swiss parliament has approved a grant of 181 million Swiss francs ($177 million/120 million euro) to Bulgaria and Romania to finance projects in various sectors, Romania’s Finance Ministry said on Wednesday.
The money will be used to support reforms implementation and finance projects in the sectors of environment, infrastructure, social development and human resources, the ministry said in a statement.
The governments of Romania and Switzerland will sign the framework agreement which will effectively allow the distribution of the funds and implementation of projects in the first half of next year.
(1 euro = 1.5104 Swiss francs)
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