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Bucharest
December 1, 2020
BUSINESS

Romania must spend till next year EUR 10 bln unused EU funds

Minister of European Funds Eugen Teodorovici said on Friday in Baia Mare that Romania must spend in 2014 and 2015 a total of about EUR 10 billion worth of European funds left from the financial allocations of the 2007-2013 financial framework, Agerpres informs. ‘(…) Last year we sent the European Commission bills worth EUR 3.5 billion, an extraordinary high amount. The target this year is even higher than the figure of 2013,’ said Teodorovici. He mentioned that 2009-2011 has been a period of stagnation in terms of the uptake of EU funds in Romania, the current level being 34 percent. The Minister of European Funds stressed that 2014 is also the first year of a new European financial framework where Romania has an allocation of EUR 43 billion that must be assigned to projects that provide a competitive advantage over neighboring countries.

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