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May 16, 2022

EU funds: April’s absorption rate at 66pct

The current absorption rate of European funds was 66.06 percent as of April 11, up from 65.8 percent in March, Secretary of State with the Ministry of European Funds (MFE) Laurentiu Stelea told the conference ‘The role of banks in accessing European funds.’
According to him, adding also ongoing transactions, the absorption rate reaches 80 percent.
Stelea said that the result of the smooth cooperation of the authorities tasked with implementing structural instruments with the banks is a better knowledge of the types of projects financed and of the financing needs of the potential beneficiaries.
‘I think the pressure will come from the programs intended for SMEs and I think that ‘Regional Development’, implemented through the Regional Operational Program is very attractive, because we have best practice examples, with communes that look like a city thanks to the way they conceived and effectively accessed the European funds,’ Stelea answered a question on the active areas that will attract European funds.
The MFE representative added that agriculture is another area strongly involved in accessing European funds.
According to a survey conducted by the BankingNews publication, the most active four banks to finance projects implemented with EU funds, namely BCR, CEC Bank, Banca Transilvania and UniCredit Bank have so far disbursed loans worth five billion euros for EU-financed projects, with funding over the last year totaling over 820 million euros.

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