Project implementation deadlines may not be changed more than three times, the Government decided.
Last summer, the state pre-financing ceiling for EU-funded projects was reduced drastically, from 30% to 10% of the value of the contract.
European Commissioner for Regional Policy Johannes Hahn said recently Romania must attract nearly EUR30 million in European Union funds weekly by the end of 2012 to get the same EU financing in the 2014-2020 interval as in the previous financing period.
Romania has been allotted EUR19.2 billion in EU funds for 2007-2013.
Data published by the Romanian Ministry for European Affairs on March 14 show Romania’s structural and cohesion fund absorption rate increased to 6.30% in February.
The Government targets to attract EUR6 billion in EU funds in 2012. Prime Minister Mihai Razvan Ungureanu said recently the ministers and heads of authorities in charge of EU-funded programs who fail to speed up fund absorption and eliminate problems that hinder the process will be dismissed. (EUR1=RON4.3718)