THE PERFORMANCE OF EUROPEAN FUNDED PROJECTS

Cristian-Valentin Hapenciuc, Andrei-Alexandru Moroâªan and Eugenia Crudu (munteanu)

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2012, vol. 6, issue 1, 695-703

Abstract: The anfractuous integration of Romania in the European Union implies a complex process of modernization and structural reorganization. One of the most important aspects of this process is the economical efficiency. In the perennial context of the economic crises, enterprises, more than ever, have to follow a complex process of reorganization in order to respect the community rules and standards. In order to fulfill this objective, the Romanian enterprises are encouraged by the possibility of receiving non-refundable funds from the European Union (80%) and Romanian Government(20%). The lack of any advertising and public relation campaigns about the process of receiving these kinds of funds has often put the final beneficiary in a predicament. Most of the Romanian investors have no idea what their obligations imply, they are focused on the idea that the money they receive needn’t be refundable. The present article means to analyze the way the European funded projects are implemented, focusing mainly on the costs and obligations that the investors enter. The non-refundable European funds are an excellent opportunity for the business environment as long as the beneficiaries are aware from the beginning of the “social and institutional cost of this process.

Keywords: cash-flow; grant; IRR. (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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