Analysis of the Risk of Fraud in Projects Financed from European Funds

Mihaela Sudacevschi () and Viorica Mirela Stefan-Duicu ()
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Mihaela Sudacevschi: Faculty of Economics and Business Administration, “Nicolae Titulescu” University, Bucharest
Viorica Mirela Stefan-Duicu: Faculty of Economics and Business Administration, “Nicolae Titulescu” University, Bucharest

Global Economic Observer, 2023, vol. 11, issue 2, 113-119

Abstract: The European funds represent a source of non-refundable financing allocated to the EU member states, in order to reduce the economic and social development gaps between them. Funding from the EU is dedicated especially for the fields that generate the highest added value in the EU economy, and the allocations at the level of each member state are negotiated with the European Commission. Unfortunately, however, a number of irregularities or even frauds also appear in the allocation and implementation of European funds. This paper aims to analyze the risk of fraud in projects financed from European funds and the measures that can be adopted to reduce the financial corrections applied in the case of irregularities found in the use of European funds.

Keywords: European funds; fraud; OLAF; shared management; anti-fraud (search for similar items in EconPapers)
Date: 2023-12
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Persistent link: https://EconPapers.repec.org/RePEc:ntu:ntugeo:vol11-iss2-113-119

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