The advantage of using the MySMIS 2014 application to access non-reimbursable funds in Romania during the programming period 2014-2020
Ovidiu Mocanu and
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Ovidiu Mocanu: Dunarea de Jos University of Galati, Romania
Carmen Gasparotti: Dunarea de Jos University of Galati, Romania
Risk in Contemporary Economy, 2018, 290-294
The use of European money through non-reimbursable projects currently presents a topic of great interest among eligible beneficiaries in Romania. MySMIS 2014 is an electronic data exchange system between beneficiaries and a management authority, or an intermediary body, allowing beneficiaries to submit in one submission all necessary information to the management and control systems of the operational programs. Developing the MySMIS 2014 application presents the benefit of collecting all information about the funded projects required for monitoring, evaluation, financial management, verification, audit and control over the 2014-2020 programming period. Electronic submission of the funding applications, generating the necessary forms directly in the system interface, reducing demand processing time, are just some of the benefits of using MySMIS2014. The experience of running European funds in the 2007-2013 multiannual financial exercise, as well as the experiences of other Member States benefiting from European funds, shows the high potential of these funds in accelerating and sustaining the generation of economic development processes. The paper is based on Romania's modest results in attracting European funds in the years 2007-2013, in relation to the allocated amounts and in comparison with the other beneficiary states of the European Union, and the analysis of the possibilities of avoiding the major risk of maintaining a low level of absorption of the funds allocated for the programming period 2014-2020.
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fserec:y:2018:p:290-294
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