ECONOMY FINANCE&BANKING

Minister Plumb: EU funds absorption rate at 26 pct, close to European average

Romania’s EU funds absorption rate reached 26 pct, close to the EU average of 27 pct, minister in charge Rovana Plumb said on Tuesday at the Victoria Palace of Government.

“Early in the year Romania is picking up speed. Exactly these days, when Romania has taken over the rotating Presidency of the European Union, the absorption rate of European funds is 26 pct, close to the EU average of 27 pct. I would like to use this occasion to thank for this result to all my colleagues, all Romanian authorities, but also to the European Commission, the ladies and gentlemen Commissioners, as well as the specialist departments of the European Commission, as well as to the beneficiaries. Let us not forget that Romania started from zero absorption rate, and reached 26 percent since 2017. Towards the end of December we sent the European Commission several reimbursement applications and we are expecting another 355 million euro to soon flow back to Romania. This figure of 26 percent in absolute terms means almost 8 billion euro in investments that benefit millions of Romanians, local authorities and also the entire business milieu,” explained Rovana Plumb.

 

“We will use European money from next financial exercise to build regional hospitals”

 

The three regional hospitals will be built using the European money from the next financial exercise and the preparation of these works with the technical documentation amounts to 120 million euro, European Funds Minister Rovana Plumb told a Tuesday’s press conference.

“There are feasibility studies from the European Investment Bank for the three regional hospitals. The allocation for the current programming period is 150 million euro, European money, and 150 million euro, money from the state budget. Preparing these buildings with the technical documentation amounts to 120 million euro, which means that in the current financial exercise, according to the forecasts of the technical assistance and of the European Investment Bank, after 2020, it is certain that we will use European money to build these hospitals, but from the next financial exercise,” Plumb said.

The Bucharest authorities approved, in the Government meeting of 20 December 2018, a memorandum on the measures needed to implement the construction projects of the regional emergency hospitals in Iasi, Cluj and Craiova.

 

Romania is actively participating in the consolidation of the European project

 

Romania is actively participating in the consolidation of the European project, by exercising the mandate of the rotating presidency of the Council of the European Union, included, Minister of European Funds Rovana Plumb told a press conference on Tuesday.

“In the upcoming period in which we will be equally taking care of Romania’s present, by continuing to accelerate the absorption process, but also as holders of the rotating presidency of the Council of the European Union, we will also be dealing with the common future of the European Union. We will do everything possible so that, through the policies promoted in the six-month mandate of the presidency, all the Member States and, of course, Romania can also have a sustainable development, a long-term development. Romania is picking up speed in a Europe that must remain as united as possible. I would like to assure you that as regards the presidency of the Council of the European Union, Romania is actively participating in the consolidation of the European project, including by exercising the term of the rotating presidency, a presidency whose agenda is oriented towards the citizens!” Plumb said.

Rovana Plumb also underlined that the Ministry of European Funds is in charge with the Cohesion package and Romania should have a “consensus facilitator” role in order to advance with this document.

“With regard to the responsibility of the Ministry of European Funds that I am leading, it has to manage the Cohesion package, which means five regulations, namely the legal basis on which European funds will be absorbed and drawn by Romania after 2020, that is in the next financial exercise We are ready, we are ambitious but also realistic. The Ministry of European Funds works with 60 people from a technical perspective, both in Romania and Brussels, so as to have a successful presidency and I am sure that this will be possible. We will make sure that this cohesion package can be advanced in order to provide the necessary money for the development and livelihood of each of the European citizens. Our term is surely that of being a facilitator of consensus, but at the same time of having the ambition to move forward with this cohesion package, certainly depending on the ambition of each individual member state,” Rovana Plumb said.

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