The country’s Ministry for European Funds targets to increase the absorption rate to about 40% in 2013.
Romania has been allotted EUR20 billion in structural funds for 2007-2013 and has attracted only EUR2.9 billion of the money so far.
Social/Politics
Romania's EU Fund Absorption Rate At 15% In May
Romania attracted EUR712 million in European structural and cohesion fund in the first five months of the year and the country’s fund absorption rate reached only 15% at the end of May, from 11.4% at the end last year.