ZF English

EU money has to be regarded as investments meant to add value

26.04.2010, 21:19 22

Beneficiaries of European funds should regard the EU money as along-term investment meant to add value to the company, with themost important phase being the implementation of the project, atwhich point, if the procedures provided for in the financingcontract are not met, firms can lose the grant.
Tiberiu Moisa, executive manager of the Corporate clients and SMEsdepartment of Banca Transilvania (Transilvania Bank), saysbeneficiaries take on a major risk when they implement a EU-fundedproject because they can get less money from the EU if they do notfollow the necessary steps.
"In order to get EU funding, procedures must be followed step bystep. A well-implemented project spares the beneficiary the risk ofhaving to repay more. If the spending of the money is not done inaccordance with the provisions in the project, the beneficiarycould be forced to cofinance more than they had originallyexpected," explained Tiberiu Moisa at the conference "How to getmoney from the EU? Learn from companies that have received EUfunding," organised by ZF yesterday in Cluj in partnership withBanca Transilvania, CEC Bank, and Bostina&Asociatii lawfirm.

Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels

AFACERI DE LA ZERO