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Bucharest
November 24, 2022
BUSINESS

AOAR asks for internal financing for EU-funded projects

Representatives of the Businessmen’s Association of Romania (AOAR) are asking the government to ensure financing from internal sources for the more than 8,000 projects financed with EU funds, given the fact that the European Commission has pre-suspended payments. The representatives publicly call on the government and the Prime Minister to verify the manner in which public institutions are applying the corrective measures agreed with the European Commission and to intensify negotiations on the unblocking of reimbursements from EU funds, an AOAR communiqué shows, Mediafax informs.AOAR points to the case of Enhancing Economic Competitiveness Sectoral Operational Programme’s pillar 3, where only 36 of the 140 projects filed by August 16, 2011, evaluated by February 1, 2012 and approved by independent evaluators have been financed. The businessmen point out that the companies involved in EU-funded projects will be negatively affected because of these delays, given the fact that they accessed loans in order to cover approximately 50 per cent of the projects’ value and have asked and paid for time-limited bank comfort letters, documents that were needed in order to sign the contracts.

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