BUSINESS

Romania can access, by 2017, over EUR 3 bln from EU funds unused in 2014

The Council of the EU approved on Tuesday, April 21, the revising of the Multiannual Financial Framework, a decision that allows the commitments unused in 2014 to be transferred to following years, EUR 3.1 bln set to be transferred in Romania’s case.

According to a communiqué, certain commitments were left unused in 2014 as a result of the late adoption of 300 of the 650 European programs.

The programs concerned are financed from structural funds, the Cohesion Fund, the European Agricultural Fund for Rural Development, the European Maritime and Fisheries Fund, the Asylum, Migration and Integration Fund and the Internal Security Fund.

Thus, EUR 16.5 bln can be transferred to the 2015 budget, EUR 4.5 bln to the 2016 budget and EUR 0.1 bln to the 2017 budget.

Romania’s 2014 commitments total EUR 3.9 bln, EUR 3.1 bln of which will be transferred to the following years.

The revision maintains unchanged the total expenditures caps and does not entail additional sums.

 

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