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February 9, 2023
BUSINESS

Orban: Romania might not get EU infrastructure funds starting 2014

Some member states of the European Union (EU) have a tough position on the financial disbursement starting 2014, with the result that some European capitals might no longer benefit from funds at all, the minister of European Affairs, Leonard Orban warned Tuesday in a conference, cotidianul.ro informs.“For the financial allotment during 2014-2020 the negotiation is not just tough, but incredibly tough. The evolutions are very complicate. There is a huge pressure for lowering the sum allotted through the Cohesion Policy. Plus, there is enormous pressure for money being used less on infrastructure projects and more on other measures meant to encourage innovation. The percentage of total allotments through the Cohesion Policy will be significantly lower than the current percentage, which is 60 pc(…),” Orban stated. According to the minister, out of the EUR 2.7 bln allotted to Water projects, only 15 pc are payments to beneficiaries.

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