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European Funds – Instrument for Economic Stability/Growth

Anca Simina Popescu
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Anca Simina Popescu: University of Craiova

Finante - provocarile viitorului (Finance - Challenges of the Future), 2014, vol. 1, issue 16, 190-197

Abstract: The enlargement of European Union has finally brought a growth of public resources designed for regional policy, but also visible disparities between the member states. The objective of a stronger social and economic cohesion, of reduction of differences of social and economic development between the member states and EU regions, as well as the promotion of sustainable development of EU are reached through structural funds, the European financing being designed to serve as lever regarding public investments in associated countries. This work analyses the elements which assure economic stability in Romania, in the last year of programming period 2007-2013, following the crisis which disturbed global economy. The emphasis is laid on non-refundable EU funds allotted for Romania, which were analyzed both from the point of view of approved projects (but whose implementation did not start yet)and regarding the contracted projects under way.

Keywords: cohesion policy; structural funds; absorption rate; decisive factors of absorption capacity; economic crisis; operational programs (search for similar items in EconPapers)
JEL-codes: F15 F36 G01 G10 H43 (search for similar items in EconPapers)
Date: 2014
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