Romania’s EU fund absorption rate is expected to reach 81-82% at the end of 2007 – 2013 financial framework, but it may rise further considering that the program increasing economic competitiveness (POSCCE) reached an absorption rate of 98%, EU Funds Minister Cristian Ghinea said on Monday.
Ghinea also said a total EUR3 billion in EU funds was absorbed under the ruling of Ciolos Cabinet, taking the absorption rate to 78% from 56%.
Ghinea joined the government in December 2015, as state adviser for European affairs. On April 28, 2016, Ghinea was appointed EU Funds minister.
