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August 12, 2022

EU funds absorption and assumed targets for this year

Implementing the operational programmes, the assumed targets to be reached this year and identifying new solutions to speed up the absorption of European funds were the main discussion topics in the meeting on Friday between European Funds Minister Eugen Teodorovici and the heads of the Management Authorities of the seven Operational Programmes. “The Management Authorities need to speed up the working pace to create the prospects for meeting the targets assumed at the beginning of this year. For meeting the objectives, the Management Authorities are compelled to use all the contract levers so the major projects’ beneficiaries speed up the projects’ implementing. At the same time, the money borrowed from the Treasury and owed to the beneficiaries must be paid at the shortest so they can dispose of the necessary resources to continue the projects,’ Teodorovici said, according to a European Funds Ministry press release.

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