Romania has recorded 10,000 financing requests for research projects this year, research minister Lucian Georgescu said yesterday.

The number could increase to 12,000-15,000 by the end of the year. It is three times bigger compared to last year.

The projects’ success rate in drawing state funding is 15%, as the ministry can allocate a total financing of about RON 2 million, including the loan commitments, he added.

“It’s a superior rate compared to that in the European Union, where it amounted to 7-8-10%,” the minister said.

The selected projects will get the financing until November or December, according to Georgescu.

editor@romania-insider.com