BUSINESS

Current absorption rate of EU funds: 33.47 pc

Four times higher than in May 2012.

The Ministry of European Funds (MFE) informs that the current absorption rate of structural and cohesion funds reached 33.47 per cent on December 30, four times higher than in early May 2012, when it stood at only 8.53 per cent. According to a press release issued by the MFE the amount that the European Commission was requested to reimburse to Romania reached around EUR 6.43 bln on December 30. From January 1 to December 30, the European Commission was requested to reimburse over EUR 3.56 bln, an amount higher than that required in the entire period 2007-2012.
Also on December 30, the rate of the sums reimbursed to Romania by the European Commission was 26.49 per cent, by 3.5 times higher than that recorded in early May 2012. ‘Romania has received EUR 5.09 bln of the structural and cohesion funds allocated in the current programming period. The amount of the funds reimbursed to Romania this year exceeds EUR 2.88 bln, an amount higher than that received in all the years from 2007 to 2012. In the first ten months of this year, Romania recorded the highest increase in the amounts reimbursed by the European Commission to all EU member states: the amount of structural and cohesion funds received by Romania was by 115 per cent higher than that in 2007-2012. On December 30, the European Commission had to reimburse to Romania over EUR 1.34bln,’ the MFE informs.
In the said release, Minister of European Funds Eugen Teodorovici underscores that Romania recorded in 2013 two great performances. Romania has recorded in 2013 two great performances: the absorption rate increased more than in all the other years of the current programming period, and our country has not lost a single euro from the structural and cohesion funds allocated by the European Union,’ said Minister Teodorovici.

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