STRUCTURAL FUNDS ABSORPTION GROWTH BY IMPROVING THEIR MANAGEMENT

Pautu Sorina ()
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Pautu Sorina: West University of Timisoara, Faculty of Economics and Business Administration

Annals of Faculty of Economics, 2012, vol. 1, issue 2, 265-270

Abstract: Grant project management is now a trend in the institutions of various types in Romania due to the opportunities offered by the EU through structural Instruments. Absorbing European funds is a challenge for Romania. The Managing Authority for Structural Instruments, together with the subordinated institutions present deficiencies in their coordination and implementation, the effect being a slow process of absorption of structural and cohesion funds. Taking action to enhance absorption of Structural and Cohesion Funds was done later; some measures are neither effective nor efficient. One of the major problems in implementing the Structural Funds is the continuous change of their national legislation. Therefore it is necessary to take measures to increase the absorption of structural funds and also the national adoption of a stable legal framework applicable to Structural Funds, guides of the applicant and clearly established project calls, without any latest changes, creating a transparent system of project proposals assessment and results communication of assessments to their beneficiaries, the payments required by the reimbursement requests within 45 days specified in the contract and not just their validation, terms compliance in approval notifications and addenda to the contract funding, proper training of the personnel from the intermediate organizations and linking information provided by their staff.

Keywords: project management; structural and cohesion funds absorption; deficiencies in the implementation of structural and cohesion funds; measures to improve structural instruments management (search for similar items in EconPapers)
JEL-codes: R11 R58 (search for similar items in EconPapers)
Date: 2012
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