ECONOMY FINANCE&BANKING

European funds create 41,000 jobs, support 5,000 companies 2007-2015

The European funds have created 41,000 jobs and supported 5,000 companies in Romania, in 2007 – 2015, as they were an important investment source, the European Funds Ministry (MFE) summarized in a release.

‘The EU cohesion policy is very important not just by the high number of projects it finances, but particularly through the significant impact it had and still has upon the administrative and legislative systems and the boost of the professionalization level of the human capital, through the consistent impact upon the economic and social development,’ said European Funds Minister Aura Raducu.

The specialty services of the European Commission and the Romanian authorities with responsibilities in the management of the funds under the EU Cohesion Policy meet on Tuesday to review the evolution of the operational programmes in 2015 and the implementation of the programmes for 2014-2020.

The meeting is attended by representatives of the European Commission’s Directorate General for Employment, Social Affairs & Inclusion and DG for Regional and Urban Policy Directorate, of the European Funds Ministry (management authorities, intermediary bodies), of the Regional Development and Public Administration Ministry (management authorities), of the Public Finances Ministry (Certifying and Payment Authority, National Authority for Public Procurement, General Directorate for International Financial Relations), and of the Audit Authority of the Court of Accounts.

On Wednesday, representatives of the Romanian authorities and EC officials will attend the Coordination Committee for the Partnership Agreement.

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