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Marius Nedelcu, TransferGo
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All eyes on EU funds imperative

Romania must absorb more EU funds, but this may be hard when the public administration is politicised, argues Eduardo Prieto Kessler, Spainís commercial counsellor in Bucharest

October 2009 - From the Print Edition

Spain knows how non-reimbursable EU funds can help modernise a countryís infrastructure and business environment and it is tragic to see that Romania is not taking advantage of this free European money, argues Eduardo Prieto Kessler, the new chief economic and commercial counsellor of the Spanish Embassy to Romania.
Romania has only spent about 5.41 per cent of the EU funds available between January 2007 and July 2009.
Spain managed to absorb all the EU funds at its disposal because th...

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