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January 24, 2022

100 pc absorption through POS-CCE by end of 2015

Minister for European Funds Eugen Teodorovici is also confident that Romania will reach an absorption rate of 80 percent by the end of next year within the current multiannual financial framework.

The absorption of European funds will reach 100 per cent on POS-CCE (Sectoral Operational Programme – Increase of Economic Competitiveness), assures Minister for European Funds Eugen Teodorovici.
“…We will launch a series of programmes next year in case corrections and other situations occur on the current amounts, we might be able to transfer these unspent sums to other projects and conclude with a 100 percent rate,” said the minister of European Funds at the final conference of the informative campaign for the POS-CCE beneficiaries. He added that more than 1,500 funding contracts have been signed since the beginning of the year on POS-CCE for competitiveness programmes, with a total value exceeding 2.5 billion RON and that Romania tries to adopt new rules regarding the second-hand equipment to be accepted.
“I was reading yesterday how many rules we want as well are already implemented in other areas of Europe, such as the rules to accept second-hand equipment. This is a rule adopted in other member states which failed to occur here unfortunately. We will see whether we can afford it (using second-hand equipment, editor’s note) under two conditions of course, namely that the equipment should be purchased for no more than the market price and not to have been purchased with European money at that moment,” said Teodorovici.
The minister added that Romania will reach an absorption rate of 80 percent on the current multiannual financial framework by the end of 2015. “It is not impossible to absorb all the funds by 2015, it is just very hard. Today’s 36 percentage shows us we can go up from here in the future. There are many who did not believe we would reach a 50 percent next year, but I say we can reach about 80 percent out of the EUR 19.2 billion allocated to Romania on the current multiannual financial framework, which would represent a top position in Europe in this respect. That does not mean things will be easy. According to my calculations for both this year and the next, I can say we can reach about 80 percent, which sets the bases for a good start in the next financial framework,” said Teodorovici.
Projects approved by 2011 incur financial corrections
Minister for European Funds Eugen Teodorovici said that all projects approved by 2011 in Romania incurred financial corrections, hence the result of the European Commission report that ranks Romania second in terms of defrauding European funds, a topic about which Nine O’Clock discussed in a previous edition. “…This top position derives from the fact that sent a higher number of invoices to the European Commission and the amount of corrections is automatically higher because all projects approved by 2011 incurred corrections and until they do not conclude the corrections will not stop. This is the explanation behind the increase in the number of financial corrections for Romania, as for each invoice we send to the European Commission we apply a financial correction,” said Teodorovici. He explained that the high number of financial corrections is explained through the errors at projects or through the faulty reading of the rules of the projects implemented on European funds, or even through the ill-will of those who apply for funds, either from the public or the private sector.
As for the 109 frauds included in the report on 2013 in agriculture, Minister of European Funds said that Romania reports irregularities as frauds many times and after the Commission checks them they often prove the reported frauds were in fact irregularities.
Also, the EU Funds said that the transport sector represented the highest risk of European funds loss in Romania. He added that one of the solutions not to lose European money for Transport would be that those projects already conducted on state or loaned money from international financial institutions be registered as European projects and Romania ask the European Commission the reimbursement of these funds from European money.

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