STRUCTURAL FUNDS IN ROMANIA

Ligia Roman
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Ligia Roman: Babes- Bolyai University of Cluj- Napoca

Description: Managerial Challenges of the Contemporary Society from Faculty of Economics and Business Administration, Babes-Bolyai University

Abstract: My abstract is about the structural funds in Romania, how Romania has to spend them. Following accession in 2007, Romania is eligible for more than EUR 29.5 billion of the EU's structural and cohesion funds. However, open questions remain about the Romanian administration's capacity to make use of these huge amounts of money. Three objectives are set, at European level, for the 2007- 2013 programming period: 1. Convergence; 2. Regional competitiveness and employment; 3. Territorial cooperation. The entire Romanian territory is eligible for the Convergence objective and benefits from financing from the European Social Fund (ESF), from the European Regional Development Fund (ERDF) and from the Cohesion Fund (CF) and for the Territorial cooperation objective, for which it received financing from the European Regional Development Fund. Following the Romania’s accession to the EU, it shall receive, in the period 2007 – 2013, community funds amounting to approximately EUR 29.5 billions, of which EUR 17.317 billions are structural and cohesion funds and EUR 12.183 billions are agricultural and rural development funds. Romania’s contribution to the European Union budget, within the said period, shall be of approximately EUR 8.1 billions. A debate is emerging on whether the country's government and companies will be able to conduct the necessary projects and make use of the funds available from the EU

Pages: 4 pages
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