Specific Features in Accessing European Funding

Andreea Lorena Radu (), Elena Alexandra Caldararu () and Maria Dimitriu ()
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Andreea Lorena Radu: The Bucharest Academy of Economic Studies, Romania
Elena Alexandra Caldararu: The Bucharest Academy of Economic Studies, Romania
Maria Dimitriu: The Bucharest Academy of Economic Studies, Romania

Economia. Seria Management, 2011, vol. 14, issue 2, 500-511

Abstract: European Funds are the European Union financial instruments in order to assist Member States in reducing the existing disparities between regions and between countries, and for harmonization with the economic, social and cultural European standards. This paper intends to present some general characteristics applicable to the most important financing programs, and also to outline certain features of the main financing lines, referring to investment projects development and their implementation, based on the Applicant Guides analysis. The paper treats institutional, legal, financial, technical, social and environmental aspects and outlines proposals and recommendations to achieve a better EU funds absorption and also a higher success rate of initiated projects. In knowledge-based economy circumstances, training consultancy specialists, that represent the intellectual capital in this area, will ensure the professional management of the developing process, submission and ongoing competitive projects, and will help enhance the funds absorption at national level. Thus, the European support for investments in ensuring sustainable growth will help overcoming the difficulties encountered by our country, and will sustain the Romanian economy recovery.

Keywords: eligible costs; European funds; investment; knowledge economy; sustainable development. (search for similar items in EconPapers)
JEL-codes: O16 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:rom:econmn:v:14:y:2011:i:2:p:500-510

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