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Michele Famis, French Ambassador to Romania
Romanian authorities have declared their intention to improve the absorption of EU funds»
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The state will allocate three billion to co-finance projects with European funding

February 2013 - From the Print Edition

The amounts allocated by the state budget for the co-financing of EU projects could reach this year about EUR three billion, up 33 percent from 2012. According to preliminary execution of the 2012 budget, Romania spent for co-financing 10.5 billion lei, compared to 12 billion lei, as scheduled. Of the total structural and cohesion funds awarded between 2007-2013 in the amount of 19.6 billion Euro, Romania only managed to access about 2.2 billion Euro, less than twelve percent.



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