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Bucharest
December 8, 2022
BUSINESS

Payment interval of EU funds will be reduced to 45 days at most

The deadline for making the payment of EU funds will be reduced from 60 days to a maximum 45 days from the date when the refund demand is submitted, and the procedural stages of implementing the contracts will be shortened through the standard auction documents, Premier Emil Boc announced yesterday, quoted by Mediafax. The PM met representatives of the institutions involved in the management of the Regional Operational Programme, whom he asked to curb the bureaucratic procedures in the absorption of European funds. The premier warned that a low rate of absorption may prevent Romania from using the funds made available by the European Union (EU) in the next fiscal interval. Furthermore, he asked authorities to remind the civil servants working in management structures and the local administrations that they could receive a maximum bonus equivalent to 75 pc of their salary if they have good results in the absorption of European money. Meanwhile, inadequate salary level will no longer be accepted as excuse for the failure to draw EU money.

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