EU FUNDS
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Spectacular Leap In EU Fund Absorption: EUR700M Refunded In July, Almost As Much As In 1H
Romania’s EU fund absorption rate leapt spectacularly in July, when the country attracted over EUR700 million. The amount is almost similar to refunds attracted by Romania in the first six m...
Romania’s Current EU Funds Absorption Rate At Over 19% On July 5
Romania’s current EU funds absorption rate reached over 19% on July 5 after the country submitted refund requests to the European Commission (EC) for an additional EUR135 million through the...
Romania Risks Losing EU Funds Due To A Disastrous Absorption
Romania obtained refunds of only EUR23 million in June from the European Commission and submitted refund requests for only EUR227 million, which means it risks losing a great deal of EU fund...
EU Money For Transport Is Released, But Money For Major Companies Remains Unavailable
The Romanian Transport Ministry announced on Tuesday that the EUR4.5 billion European program for financing transport infrastructure has been unlocked, but it remains to be seen what will ha...
EU Unlocks Payments To Romania Under 2007-2013 Transport Operational Program
The European Commission has unlocked payments for the 2007-2013 Transport Sector Operational Program (POS T), the Romanian Transport Ministry said in a statement Tuesday.
Government To Hire Private Experts To Avoid Losing EUR6.5B In EU Funds
The Romanian government will hire private experts to analyze requests for European financing and will pay them EUR280 per day for a period of two years, ensuring the money from EU funds and...
Ghetea: Banks Want To Get Involved In Endorsement Procedures Of EU-Funded Projects
Banks are willing to get involved in the endorsement process of projects eligible for European Union financing, Radu Ghetea, head of Romanian Banking Association (ARB), said Friday.
Government’s Failure To Get EU Funds Causes 14% Drop In Infrastructure Construction
Ponta Government claims it made investments in infrastructure using EU funds a priority but statistics show otherwise. Zero SOP-T infrastructure funds in the first quarter, 30% drop in payme...
Orban: Romania May Not Use Its EU Funds For 2014-2020 Unless It Improves Public Administration
Romania may not be able to use the European Union funds it was allocated for the 2014-2020 period unless it draws up and implement by the end of 2016 a strategy meant to enhance its administ...