ATTRACTING EUROPEAN FUNDS IN THE CONTEXT OF ROMANIAN ECONOMY
Journal Title: MANAGERIAL CHALLENGES OF THE CONTEMPORARY SOCIETY - Year 2017, Vol 2, Issue 10
Abstract
2,9 billion euro has entered Romania’s economy in the last tracked period of 2007-2013. This increased the European funds absorption rate from 56%, to 78%, Dacian Cioloș, the Prime Minister at that time, in Romania. For the period of 2014-2020, the Ministry of European Funds launched 39 projects with a total worth of over 13 billion euros. The effective fund absorption for 2014-2020 started in May 2016, two and a half years after the budget exercise started, after having sorted the entanglement caused by those who couldn’t deliver (a.k.a people who failed with their fund absorption). Meanwhile, 13 billion worth of guides and projects have been launched, regarding, highways and infrastructure, heating and reduction of the school abandonment. At the same time, an accreditation program is being worked on, according to the Ministry’s official statements. The following paper aims to reveal some aspects on the absorption rate of European funds in Romania.
Authors and Affiliations
L. Popescu, Daniel Craus, V. Adrian Troacă
Keywords
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