Discussions on this matter will continue in the second half of 2012, when the Presidency of the Council of the European Union will be held by Cyprus, said Ponta.

He added that EC President José Manuel Barroso recommended that authorities in Bucharest should improve the country’s EU fund absorption.

Ponta is in Brussels where he participates in the European Council summit.

The prime ministers of European Union states, gathered in Bucharest at the beginning of June for talks on EU financing for the 2014-2020 period, signed a joint declaration aimed to maintain a proper financing level for further economic growth and job creation.

The Romanian government targets to draw EUR3.1 billion this year through programs financed with European structural and cohesion funds, according to a memorandum approved by the Cabinet last week.

According to data posted on the webside of Romania’s Ministry for European Affairs, the country attracted structural funds of EUR1.68 billion in the first five months.

Romania was allotted EUR19.2 billion in EU funds for 2007-2013.

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