The 2,382 contracts to receive EU financing are worth about EUR4.55 billion, the ministry said in a press release Tuesday.
According to the ministry, 426 EU-funded projects (worth EUR257 million) have been finished so far. Non-reimbursable funds allotted from the European Regional Development Fund amount to about EUR2.89 billion, said the press release.
The regional operational program was launched in July 2007. Its budget stands at EUR4.4 billion, of which 84% is ensured by the European Union and the remainder from national resources (14% public co-financing and 2% private co-financing).
Romania’s structural fund absorption rate stood at 3.72% on November 30, according to data released by the Ministry of European Affairs.
POR registered the highest fund absorption rate, of 7.53%. The lowest EU fund absorption rate was registered by the operational program for environment – 1.89%.