“Romania has cashed around EUR2.4 billion this year from the European Commission, more than throughout the entire 2007-2012 period, when it only attracted EUR2.2 billion of available financing,” minister Eugen Teodorovici was quoted as saying.
The European Commission recently reimbursed EUR196 million to Romania after unlocking payments on the economic competitiveness program early October. Throughout the year, the Commission has also resumed payments on previously blocked human resources, regional development, and transport programs.
By October 22, Romania applied for reimbursements of EUR4.58 billion, or 24% of the available financing. By the same date, the country’s EU fund absorption rate stood at nearly 25%.