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June 28, 2022

Payments through Economic Competitiveness Enhancement programme unblocked

According to the Economy Ministry, the sum to be paid in the following period stands at RON 133 M.

The Economy Ministry announced yesterday that the payments for projects that are part of the Economic Competitiveness Enhancement Operational Sectoral Programme (POS CCE), a programme financed from the European Regional Development Fund, have been unblocked. Thus, payments towards the programme’s beneficiaries have resumed on Monday, October 15, the total value of payments set to stand at RON 133 M (over EUR 29 M) in the following period. During the 5 months that passed since the new leadership of the Economy Ministry was appointed, the Management Authority of POS CCE signed 1,725 financing contracts representing 100 per cent of the Large Enterprises and Research projects, 77 per cent of the Energy projects and 59 per cent of the SMEs projects. “Although when taking over we discovered over RON 1 bln in unmade payments and approximately 3,700 projects “forgotten” for well over 2 years, we managed to completely change the situation. The general goal of POS CCE is hiking the productivity of local enterprises, these being basically the engine of the Romanian economy. Local capital needs to see real involvement on the part of the institutions, an involvement reflected in accelerating the evaluation of projects already filed but also in bigger efficiency obtained by eliminating red tape and simplifying all procedures,” Nicolae Rotileanu, secretary of state responsible with managing European funds within the Economy Ministry, stated.According to him, the elimination of the mandatory character of the comfort letter for the signing of the contract between the authority and the beneficiaries, as well as the processing of reimbursement requests through simplified procedures, is part of the measures taken to eliminate red tape and simplify procedures. The help desk project, a project through which the beneficiaries will be able to receive free consultancy when it comes to applying for or implementing already approved projects, is also in an advanced stage. POS CCE covers domains such as: the productive system and the technological upgrading of SMEs and large enterprises, research/development, IT and communications, energy.

MAEur: Growth of just 0.01 pc in absorption rate in September

The real absorption rate of structural and cohesion funds stood at just 0.01 per cent in September, the European Commission reimbursing directly to Romania a little over EUR 1 M, given the fact that payments have been frozen in the main five operational programmes. According to the data published by the Ministry of European Affairs (MAEur), on September 30 the real absorption rate of structural and cohesion funds available through the seven operational programmes grew to 9.70 per cent, up from 9.69 per cent on August 30, the level of direct payments from the European Commission growing by just EUR 1.19 M. In the first nine months of this year Romania absorbed approximately EUR 850 M from structural and cohesion funds. The absorption rate target for 2012 stood at 20 per cent of a total of EUR 3.5 bln in structural and cohesion funds.

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