FINANCIALNEWS

EU Commissioner Cretu, concerned about Romania’s slow start in implementing projects in 2014-2020

By Anca Bernovici
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European Commissioner for Regional Policy Corina Cretu expresses on Tuesday her concern regarding ‘slow start’ in implementing projects for 2014-2020, pointing out that Romania has 0 percent absorption rate of European funds of this budget year.

“During 2007-2013 period, Romania got EUR 22.4 billion through the cohesion policy, of which over 85.8 percent have been absorbed so far (European Regional Development Fund, European Social Fund and European Cohesion Fund). As regards the Regional Operational Programme (ROP) for 2007-2013, the absorption rate at July 27 was 92.36 percent, including the pre- financing and ongoing payments (made, but still unsettled by the European Commission), from a total EU contribution of EUR 3.966 billion via the ERDF,” Cretu said for agerpres.ro.

However, she said she knows that the authorities in Romania are making efforts in this regard. “The European Commission has been and will remain a support for Romania, as we do otherwise, for all other Member States when encountering difficulties,” EU Commissioner noted.

She raised repeatedly alarms about European funds absorption in different areas, such as transport.

According to Corina Cretu, regional policy benefits most of the European budget for 2014-2020 (EUR 351.8 billion), EU’s main investment instrument.

“Romania receives the third largest allocation after Poland and Italy, for sustainable urban development, Romanian Government deciding that 20 percent of EU funds allocated in the current programming period to be directly managed by local officials,” EU Commissioner stated.

 

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Anca Bernovici

Anca Bernovici

I started my way in life with the intention to pursue a teaching career. But, after graduating from the Faculty of Letters – the University of Bucharest in 2004, my first job as a reporter at one of the leading newspapers in Romania changed my perspective. I have specialized in communication and communication campaigns, following the Master's courses at the Faculty of Journalism and Communication Studies (FJSC), attending a BBC Communications scholarship.
I’ve represented several important publications in Romania as business journalist, being accredited in the finance and banking field. In 2015, I had the opportunity to interview the International Monetary Fund (IMF) Mission Chief for Romania, Andrea Schaechter. As business journalist, I also had the opportunity to interview ministers for Economics and Commercial
Affairs offices within different embassies in Romania or officials of large companies investing on the domestic market.
After almost 15 years of journalism, I still want to explore new ways, to inform and stay updated. That’s why The Romania Journal project fits me so well.
Today I describe myself as a passionate about the history of world culture, having a PhD in Hebrew Culture and Civilization, after a scholarship at the University of Haifa International School, as a language addict, an environmental activist, pet lover and traveler.

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