13.6 C
Bucharest
March 3, 2021
BUSINESS

Romania must refund EUR 17.7 M to the EC over the management of CAP funds

The European Commission (EC) yesterday requested the refunding of the total sum of EUR 414 M from member states, representing funds relative to the Common Agricultural Policy (CAP) of the EU, incorrectly spent by member states. Out of this sum, Romania must repay EUR 17.7 M for various problems with verifications and with dictating sanctions, out if which approximately EUR 2.2 M have already been recovered, money.ro reports.In conformity with the EC decision, the funds will be recovered from 22 member states – Belgium, Bulgaria, the Czech Republic, Denmark, Germany, Ireland, Greece, Spain, France, Italy, Cyprus, Lithuania, Hungary, Malta, Netherlands, Poland, Romania, Slovenia, Slovakia, Finland, Sweden and Great Britain, with the UK due to pay the biggest correction, respectively EUR 111.7 M.The problems in Romania’s case refer to the verifications of the controls concerning the eligibility and expenses of beneficiaries, as well as the sanctions dictated within the measure ‘modernisation of agricultural exploitations’ within the European Agricultural Fund for Rural Development (EAFDR).

Related posts

CNIPMMR: Suspended companies on foreign capital go up by 66.52% in first two months

Nine O' Clock

Absorption rate of European funds increased by 32 pc this year

Nine O' Clock

PCC SE: Oltchim must adapt to the trends of the market

Test