Romania only spent 1.1 pct of European funds for 2014-2020; only two other EU states had lower absorption

Romania spent 1.1 percent (EUR 400.4 million) of the European funds available to the country in the 2014-2020 programme for structural and investment funds, according to Business-Review.eu.

During the same period, states like Bulgaria or Poland have had an absorption of 7.5 percent and 6.5 percent respectively, according to European Commission data obtained by Agerpres.

The largest part of the total amount Romania has spent was through the European Regional Development Fund – EUR 241.9 million.

The countries that spent less than Romania out of their available structural and investment funds were Austria (0.3 percent) and Ireland (0.9 percent).

Portugal has spent the largest percentage of allocated funds (10.9 percent), followed by Lithuania (9.1 percent) and Estonia (8.4 percent).

European Funds Minister Marius Nica recently stated that by 2023 Romania will be an example of European fund absorption, and he thinks that the 88-89 percent absorption of the 2007-2013 period was “not bad”.

Marius Nica referred to a recent  meeting with all European Funds Ministers in the EU on the subject of the 2014-2020 period, where he claims that “20 out of 27 member states have complained about the same thing: bureaucracy, audits, and difficult procedures for implementing European funds”.

 

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