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January 25, 2022

EU funds absorption rate, almost 22 pc in mid-August

The value of expenditure statements Romania referred to the European Commission (EC) was EUR 4.1 billion bln on August 16, which stands for a current absorption rate of 21.35 percent of the EU allocation, shows a post on the Facebook page of the Ministry for European Funds (MFE), Agerpres reports. According to thepress release, EUR 5.78 bln were received from the EU, representing 30.09 percent of the 2007-2013 EU allocation. From these funds, refunded interim payments stood at EUR 3.67 bln, which accounts for 19.14 percent of the 2007-2013 EU allocation. As many as 39,213 projects worth a total of approximately EUR 68.5 bln were submitted for the seven operational programs; of this amount, EUR 44.5 bln represent the EU contribution. A number of 12,495 projects worth a total of about EUR 32.1 bln were approved. Of this latter figure, about EUR 19.3 bln stand for the EU contribution. Also, 9,767 financing contracts have been signed with the beneficiaries, with an eligible value of 22.2 billion euros of which EU funding accounts for roughly EUR 17.5 bln. Total payments to beneficiaries (prefinancing and refunds), except for VAT reimbursements, amounted to about EUR 6.28 bln, reads the post of the Ministry for European Funds.

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