“This is the last chance to access the funds … There will be residual amounts in 2012, and maybe additional funds as some projects could be cancelled, but nothing is certain,” said Marius Radu, European Funds Coordinator at UniCredit Tiriac.
Romania benefits from post-accession structural funds — excluding financing for agriculture projects — worth EUR19.2 billion for 2007-2013, of which approximately one fourth are available to projects in the private sector.
Out of the EUR2.1 billion absorbed by mid-year, two thirds were used to fund private projects, Radu said.
UniCredit Tiriac provided total loans to co-finance structural projects worth over 1 billion lei (EUR235 million), of which RON700 million was granted this year.