Romania to reach 80 pct EU funds rate of use by yearend

Newsroom 19/03/2015 | 16:46

The minister for European Funds Eugen Teodorovici estimates that Romania will reach by yearend an 80 percent rate of use of EU funds.

In a press conference in Cluj-Napoca on Thursday, Teodorovici stated it was important for Romania to learn from the past errors in the implementation of European project and that this would allow absorbing the available funds in the 2014 — 2020 budget at the fastest possible pace.

“In the current financial framework we are somewhere around 55 percent of usage rate. I’d say this year we have all the arguments to estimate around 80 percent of use. This seems a very high figure, but it can happen. Indeed, we shouldn’t forget we started from a very low level, so that we can avoid such errors in the future,” Teodorovici asserted, as quoted by Agerpres.

According to him, Romania should have a 100 percent usage rate in the current multi-annual budget term, a goal to be reached in the first part of this period, namely over the first five years.

Staff