According to the sources, the measure is necessary, as many of the companies which contract EU funds fail to provide documents to justify how they used the money.
The European Commission currently pre-finances 15% of the value of a contract and the Government covers the difference to 30%.
In May 2009, Romania has increased the state ceiling to pre-finance European projects from 20% to 30% of the contract’s value. Prime Minister Emil Boc said at that time the money would be allotted only if auctions observed deadlines so works would not be delayed.
In February 2010, Boc told mayors the Government would look into ways to increase the state ceiling to pre-finance European projects from 30% to a level set considering financial resources.
During a Government meeting Wednesday, Boc reproached the ministers for failing to keep their promises to improve European fund absorption and asked to have a report within one week, people close to the matter told MEDIAFAX.