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Bucharest
October 31, 2020
ECONOMY FINANCE&BANKING

Bolos: Romania didn’t lose European funds in 2019, risk of decommitment which seemed imminent has been removed

The risk of decommitment which seemed imminent has been removed over the past two months for all operational programmes and the value of expenditure statements which were sent to the Public Finance Ministry since the beginning of November to the end of this year stood at 1.02 billion euro, European Funds Minister Ioan Marcel Bolos announced on Monday.

“Romania didn’t lose European funds in 2019, over the past two months the risk of decommitment which seemed imminent has been removed. The amounts foreseen for the year ending have been fully used for projects funded through the 2014-2020 Operational Programmes,” Bolos stated, according to Agerpres.

According to him, as of 4 November 2019, the risk of funds decommitment has been removed at the level of all operational programmes.

The head of European Funds brought to mind that as of October 31, 2019 Romania was facing a decommitment risk mainly for the Operational Programme “Human Capital” (OPHC), the Regional Operational Programme (ROP), the Operational Programme “Administrative Capacity” (OPAC) and the Assistance for Disadvantaged People Operational Programme.

The values of the expenditure statements sent by the Management Authority to the Public Finance Ministry between November and December 2019 were: Large Infrastructure Operational Programme (LIOP) – 258.6 million euro, the Operational Programme “Human Capital” – 177.5 million euro, the Competitiveness Operational Programme (COP) – 70.2 million euro, the Technical Assistance Operational Programme – 15.7 million euro, the Regional Operational Programme – 395 million euro, the Operational Programme “Administrative Capacity” – 32 million euro, the Assistance for Disadvantaged People Operational Programme – 56.8 million euro.

Currently, Romania’s absorption rate is 36 percent compared to the EU average, which is 39 percent. Moreover, the value of the amounts received by Romania from the European Commission is over 11 billion euro.

 

One billion euro – amount sent to EC for settlement

 

European Funds Minister Marcel Bolos has also stated on Monday that the amount sent by our country to the European Commission (EC) for settlement is one billion euro.

“I would say three figures which are relevant for the conclusion of the 2019 financial year: zero decommitment at the level of all operational programmes, one billion euro – the amount sent to the Commission for settlement and which will enter into the Treasury and in our accounts and compared to what we had as risk of losing money, risk of decommissioning worth 557 millions of euro, we achieved in advance the amount of 466 million euro, that is to say almost half a billion euro in advance,” Bolos said in the beginning of the Government meeting.

He added that in relation to the value of expenditure declarations, of the reimbursement sent to the European Commission, the Regional Operational Programme also contributed to achieving the decommissioning target, with the amount of 389 million euro.

“The second ministry which also contributed to the achievement of the decommissioning target, also achieved in advance, is the Large Infrastructure Operational Programme, the transport component, the Ministry of Transport in this case, with the amount of 258 million euro. There are ministries to which I want to thank publicly for the effort they have put in and the care they have taken to implement the projects, so that Romania does not lose the important financial resources allocated to it,” Bolos stated.

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