The Challenges of Projects Implemented with Financing from European Union Funds

Iacob Pargaru Oana Camelia (), Spiridon Carmen Elena (), Buzoianu Ovidiu Andrei Cristian () and Uta Nicolae Gabriel
Additional contact information
Iacob Pargaru Oana Camelia: University POLITEHNICA of Bucharest, Romania
Spiridon Carmen Elena: Valahia University, Targoviste, Romania
Buzoianu Ovidiu Andrei Cristian: Bucharest University of Economic Studies, Bucharest, Romania
Uta Nicolae Gabriel: Valahia University, Targoviste, Romania

Proceedings of the International Conference on Business Excellence, 2024, vol. 18, issue 1, 846-855

Abstract: When a Romanian entrepreneur is looking for European funds to finance his business, it is essential for him to understand the terms of the loan and the details about the financier, just like in any other loan agreement. The aim of this article is to present the challenges of projects implemented with funding from European Union funds. The research methodology involved a literature review followed by an analysis that examines different categories of public structures, including deconcentrated or decentralized units of central public administration, local public administration units, autonomous kings, state commercial companies or local authorities, units of state education and research, hospitals, and intercommunity development associations. The findings of the research highlighted the specific types of organizations that received financial support from EU-funded programs. Thus, the funds allocated to Romania by the European Union, considered from the point of view of the investment strategy and their non-refundable nature, constituted a substantial asset for the development of the Romanian economy and society in the short, medium and long term. In addition, these funds represented an element of budgetary sustainability. The results of the projects that were financed from European funds are numerous. Each of these is an illustration of a successful effort that has the potential to give rise to additional initiatives of equal significance in the context of the new opportunities that the European Union will fund.

Keywords: European Union; European funds; finance; priority funding axes (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/picbe-2024-0074 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:poicbe:v:18:y:2024:i:1:p:846-855:n:1010

DOI: 10.2478/picbe-2024-0074

Access Statistics for this article

Proceedings of the International Conference on Business Excellence is currently edited by Alina Mihaela Dima

More articles in Proceedings of the International Conference on Business Excellence from Sciendo
Bibliographic data for series maintained by Peter Golla ().