Tag Archives: EU funds
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Romania’s absorption rate of EU funds stands at 45%

The current absorption rate of EU funds (for the 2007-2013 period) amounted to some 45% in Romania, according to a statement posted on the Ministry of European Funds’ website. The value of the expenditure statements submitted to the European Commission is of over EUR 8.58 billion. The current absorption rate recorded in the Sectorial Operational […]

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Romania, fifth largest EU funds beneficiary in 2013

Romania was the fifth largest net beneficiary of EU funds in 2013, with some EUR 4.09 billion in net sums received from the European Union. This amount was below those received by Poland, Greece, Hungary and Portugal, according to an analysis by The Telegraph. Total financings received by Romania in 2013 were of EUR 5.56 billion, […]

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Romanian Government aims to double EU funds absorption rate

Romania’s Government plans to reach an 80% absorption rate of European funds next year, of the EUR 19.2 billion funds that Romania was allotted for the 2007-2013 period, according to Eugen Teodorovici, the minister in charge with EU funds. “Today we stand at an absorption rate of about 39%, but our plan is to recover […]

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Romania pays back half of EU funds received since accession

Romania received EUR 24.6bn from the EU budget since its accession in 2007, and had paid EUR 10.2bn, according to a report from the Finance Ministry, quoted by Agerpres. Pre-accession funding EUR 2.6 billion, and post – accession, EUR 22 billion. Out of this amount, EUR 9 billion was structural and cohesion funding, EUR 5.6 […]

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