European Fisheries Fund – New Development Opportunities For Romania

Abstract

This article analyses the financial support given by the European Union to the member states on the purpose of enduring development of their fishing area, as well as the new development opportunities for Romania. The main financing instrument of the common fisheries policy is the European Fisheries Fund, which is managed alike the structural funds. This fund supports the European fisheries and aquaculture area in its effort to adapt a new fleet, whose competitiveness must be consolidated, and encourages the application of some measures meant to protect and improve the environment. In the case of Romania, the increase of the European Fisheries Fund’s absorption has become a priority for the Managing Authorities of this Fund, in order to stimulate the development of the Romanian market for fishing products, a market having a great potential.fishing, aquaculture, enduring development, European fisheries fund, financial allowances