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May 8, 2021

Commissioner Cretu says Romania risking EU funds disengagement

European Commissioner for Regional Policies Corina Cretu admitted on Saturday Romania might get to a situation where part of the funds made available by the European Union for the financial exercise ending on Dec. 31, 2015 could be disengaged.

The commissioner said during a visit to Suceava that the absorption rate of the EU funds is of 63 percent.

“On a national level there is this risk of funds being disengaged, because we have 63 percent absorption rate at this moment for Romania and I think it is very hard to achieve what hasn’t been done in seven years. The estimation will be made by the national authorities in each country”, stressed Cretu, who is paying an official visit to Suceava on an invitation from the County Council Chairman Catalin Nechifor.

She also called on the Romanian local authorities to work out and submit major projects aimed at drawing the EU funds for 2014-2020.

“It is very important that this money be used in an intelligent manner, in order to have as great impact on the Romanians’ living standards as possible”.

“I invite the local authorities to work for major projects as regards the next programming period. It is a unique situation and advantage to have a very important amount of money, 23 billion euros, for the next seven years”, she added.

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