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.
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.