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September 25, 2021
BUSINESS

Orban: Absorption rate of cohesion funds might reach 15 pc

Year 2013 is the peak load year as to the risk of disengagement.

European Affairs Minister Leonard Orban said that the absorption rate of cohesion funds, related to Romanian side’s reimbursement applications  to Brussels is of 12.6 pc and could get up to about 15 pc by year’s end, Medifax Informs . “Yesterday evening, I learned that the European Commission will be able to transmit amounts corresponding to reimbursement applications on the Environment and Axis 2 of the Regional Operational Program (ROP), amounts that go into the budget and the absorption rate is due to rise,” Orban told the mandate presentation  press conference.He also said he didn’t know whether the European Commission will be able to make the payments corresponding to the OPHRD. “There will be an auditing mission in late January, and if the results are positive, then, the program will resume,” said Orban, who pointed out that the other axis part of the ROP that were pre-suspended last October could restart in the coming weeks, even by the end of the year, maybe. Also, with respect to the Transport program, where there are “some difficulties”, the release could happen “somewhere during the first quarter “.Orban showed that it is difficult to predict the exact date when the Economic Competitiveness program will be unblocked, with the program going to resume gradually, on certain components. Also, the “risk of suspension remains a major one” for some portions of it, while for others, Minister Orban is convinced that “suspensions will be avoided”.As to the risk of automate disengagement, of funds late this year, estimated at EUR 1.2 bln last September, it was reduced to EUR 443 M, of which EUR 230 M correspond to the Transport program, for which reimbursement applications can no longer be sent to the Commission, which means the amount is sure to be disengaged.  Orban also showed that 2013 is the “peak load year with respect to the disengagement risk”. “We must absorb EUR 6 bln to avoid disengagements,” said the minister.

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