At the current pace of attracting European money, Romania willattract only 38% of the 20 billion euros in structural fundsavailable to it between 2007 and 2013, shows an analysis conductedby Dragoş Pîslaru, general manager of consultancy GEAStrategy&Consulting. The absorption rate is currently 3.2%.2015 is the year when the last payments from the EU can be made forcontracts signed previously, according to the "n plus 2" principle,although the budgetary years are 2007-2013.
Out of the 20 billion euros in structural funds, 4.25 billioneuros are funds for human resources, 4.5 billion euros forinfrastructure, 4 billion euros for the environment and the restfor other sectors such as SMEs. Romania has another 12 billioneuros available for agriculture during this period.
Overall payments made for European programmes, which includeboth payments from the EU, pre-financing and payments from theRomanian state, rose from 600 million euros in December 2009 to 1.7billion euros in December 2010 and are scheduled to rise to 4.7billion euros in December 2011.
The study reveals that the funds would be fully absorbed in 2019at this rate, so Romania would need another six years to get allthe money from the EU.
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