To support local authorities with spa resources on their territory, the Ministry of Tourism has increased the co-financing level for projects in these areas, reaching up to 90% of the total project cost, announced Minister Bogdan Trif. Previously, co-financing for such projects did not exceed 50% of their value.
In parallel, the possibility for the technical project to be reimbursed by the Ministry of Tourism within a limit of 3% of the allocated amount has also been included.
This year, the funds provided for investments within the Ministry of Tourism’s budget are six times higher than in 2018.
Source: Profit
Frequently Asked Questions
What is the new co-financing limit for spa projects?
The Ministry of Tourism now covers up to 90% of the total project cost, a significant increase from the previous 50% limit.
Can technical project costs be reimbursed?
Yes, the Ministry of Tourism can now reimburse technical project costs up to a limit of 3% of the allocated sum.
How much did the investment budget for tourism increase?
The investment funds allocated in the Ministry of Tourism’s budget for this year are six times higher than those in 2018.