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53.12% absorption rate for 2007-2013 EU Funds (end of March data)
The new Minister of EU Funds, Marius Nica, believes that Romania will be able to reach by the end of this year between 60% and 80% absorption rate.
The monitoring committee of the 2014 – 2020 Human Capital OP is being established
This monitoring committee is a partnership-type national structure comprised of a number of 14 entities, organisms from between economic and social partners, and civil society representatives. Its objective is to examine the implementation of the operational programme and to account for the progress made in its implementation.
The last projects for the Regional Operational Programme 2007-2013 for the Center Region have been approved
The Regional Operational programme 2007 – 2013 audit reveals a total number of 489 projects that were successfully implemented. Through these projects, approximately 280 million Euro have been refunded to beneficiaries. Therefore, the absorption rate of European funds under this operational programme reached 60%.
POSCCE projects totalling a value of 587 million Euro to be approved this month
Since this is the last year when the European Funds from the 2007 – 2013 MFF can be accessed, the Romanian authorities go great lengths in order to ensure a full absorption of European funds.
CEC Bank’s representative for foreign affairs and structural funds sent a warning signal in regard to European funds available for the 2007-2013 MFF, arguing that it is essential to fully implement all the ongoing projects untill September 30. Otherwise, the beneficiaries will lose all the European funds.
37 days is the time in which farmers will receive a response to their applications.
The new National Rural Development Programme 2014-2020 has received the European Commissioner’s approval to launch the first two financing measures. The authorities expects that, by the end of May and early June, all the interested beneficiaries will be able to apply for these new measures. NRDP 2014-2020 has an allocation of over 8 billion Euro.