EU invests big in Italian, Romanian fisheries
The European Commission (EC) has adopted a key investment package for the maritime, fisheries and aquaculture sectors of Italy and Romania of EUR 978 million (USD 1 billion) and EUR 224 million (USD 237.2 million), respectively.
The investments are for the period 2014-2020.
Included in the Italian package is EUR 537 million (USD 568.8 million) from the European Maritime and Fisheries Fund (EMFF), while Romania receives EUR 168 million (USD 177.9 million) from the fund.
The adopted operational programs (OPs) will support the rolling out of the EU's Common Fisheries Policy (CFP) and Integrated Maritime Policy in the two countries. They will promote environmentally sustainable, resource efficient, innovative, competitive and knowledge-based fisheries as well as actions to promote blue growth and maritime skills and knowledge.
The program also aims to promote economically and environmentally sustainable aquaculture and processing sectors. Funds will flow to projects that improve the livelihood of fishing communities – for instance by setting up Community-Led Local Development groups (CLLD) and creating Fisheries Local Action Groups (FLAGs).