CIBR Blog

ABSTRACT: The study found that, during the early post-accession years, Romania failed to attract European funds, at least to the same extent to the national contribution at the community budget, registering a net expenditure as an EU member. The determinants of increasing EU funds
absorption rate are related, among other, to the availability of internal resources for projects cofinancing, adequate administrative capacity at central and local levels, appropriate interinstitutional coordination and public-private partnerships, high skills and motivation of human resources working in operational programs Management Authorities and  intermediary bodies. Activating these determinants could be an opportunity for sustaining economic growth of Romania and recovering the development gap, which is supposed to alleviate also the adverse effects of international financial crisis on EU countries.....

PhD George Georgescu, Senior Researcher, Institute of National Economy