Ministry of Tourism Publishes Draft Decision on Multi-annual Tourism Investment Program
“The development of a Multi-annual Program for the development of tourism investments, called the Tourism Investment Master Plan, constituted an essential condition for creating the premises for the superior development of tourist destinations in Romania, but also of Romania as a macro-destination,” is mentioned in the substantiation note of the draft HG regarding the approval of the Multi-annual Program for the development of tourism investments.
The master plan includes a series of measures aimed at developing local communities in areas with high tourism potential by increasing public investment in tourism infrastructure; competitive development of tourism by identifying, evaluating, prioritizing by forms of tourism, and efficient direction of public investments; developing a network of internationally competitive tourist destinations; sustainable capitalization of local specifics and elements of national identity through tourism; identifying an integrated approach to tourism policy at the regional level through sustainable tourism development.
According to the relevant ministry, Romania has a very high tourism potential, but currently has a low level of capitalization, and one of the important causes is the lack of coherence in applying recovery measures for the sector.
Projects will be financially supported according to the following principle:
a) for investments made in resorts of national interest, the contribution of the Ministry of Tourism is 90%, and the contribution of the beneficiary administrative-territorial unit is 10%;
b) for investments made in resorts of local interest, the contribution of the Ministry of Tourism is 85%, and the contribution of the beneficiary administrative-territorial unit is 15%;
c) for other investments, the contribution of the Ministry of Tourism is 70%, and the contribution of the beneficiary administrative-territorial unit/intercommunity development association is 30%;
d) for investments of national importance, the contribution of the Ministry of Tourism is 100%
The LIST of investment projects can be seen HERE
The Government Decision regarding the approval of the Multi-annual Program for the development of tourism investments, hereinafter referred to as the Tourism Investment Master Plan, can be consulted HERE
Source: Economica
Frequently Asked Questions
What is the Tourism Investment Master Plan?
It is a multi-annual program designed to develop Romania’s tourism infrastructure and destinations through strategic public investment and integrated regional policies.
How are the projects funded under this program?
Funding is shared between the Ministry of Tourism (70-100%) and local authorities (0-30%), depending on whether the resort is of national or local interest.
What are the main objectives of the Master Plan?
The goals include developing local communities, creating internationally competitive destinations, and sustainably capitalizing on national identity and local specifics.