tpg-group(at)romanian-accountants.com

  • [En]
  • [Fr]
  • [Es]
  • [Ro]
  • [Gr]

European Funds for Romania

Updated on Sunday 17th April 2016

european_funds_in_romania.jpgFor the period 2007-2013 the EU cohesion policy has been reformed to better meet the Lisbon and Gothenburg objectives: competitive economy based on knowledge, research and technological development, sustainable development, employment, by allocating European Funds for the regions in need, including for Romania. 

This reform raised three instruments: the European Regional Development Fund, the Cohesion Fund and the European Social Fund, used to reduce gaps between the economic developments in different regions of the European Union.

The emphasis is put on knowledge and innovation, aiming to create more jobs and to develop a better cooperation between regions and to create attractive places to invest and work.

The Cohesion Policy consists in three objectives: Convergence, aiming to support lagging regions in terms of economic development, Regional Competitiveness and Employment and European Territorial Cooperation, strategy that promotes a balanced development of the entire EU territory by encouraging cooperation and exchange of best practice between EU regions, achieved by three lines of actions: cross-border cooperation, transnational and inter -regional .

In the period 2007-2013 Romania was eligible for all three instruments.

In October 2011 the European Commission presented the first proposal on the legislative package for cohesion policy, namely the Common Agricultural Policy and Common Fisheries Policy for the period 2014-2020.

The draft regulations are subject to negotiation with the European Union Member States before being formally adopted by the EU Council and the European Parliament.

To meet the growth aspirations reflected in the overall objective of this Partnership Agreement for the period 2014-2020, Romania will undertake necessary measures for socio-economic development, addressing the following five challenges:competitiveness, people and society, infrastructure, resources, administration and governance.

The European Commission adopted a Communication entitled " Europe 2020 - A strategy for smart, sustainable and inclusive growth " in March 2010. The document was approved by the European Council in June 2010. Th strategy programme is a reaction to the economic crisis and aims to prepare the Union for the next decade. It sets five ambitious objectives targeting issues such as climate and energy, employment, innovation, education and social inclusion. This objectives should be achieved by 2020 and the project identifies key drivers for economic growth, aiming to make the EU a more dynamic and competitive place.

The procedure for obtaining funding in Romania consists in seven main steps:

1. The eligible beneficiaries must complete the application form and the annexes required by the Managing Authority. There is a unique form for each structural instruments, with annexes differentiated by each type of fund.

2. The application must then be submitted before the Managing Authority.

3. The Managing Authority analyses the administrative compliance of the application form, in accordance with the internal procedures.

4. The next step consists in verifying the eligibility of the project. The project's eligibility criteria are outlined in the Implementation Framework and approved by the Monitoring Committee.

5. The project goes through a technical and financial evaluation.

6. The project is selected according to criteria approved by the Monitoring Committee.

7. The project is approved and the funding contract is signed.

The basic principles on the submission, selection and evaluation of projects represent a general framework for institutions managing and implementing the operational programs co-financed by the Structural Instruments.

This process is detailed in the guides applicants during the implementation of each operation. Activities related to the submission, selection and evaluation of projects are based on clear and precise procedures, as the entire process must be simple, flexible, with a reasonable duration and the duplication of tasks must be avoided.

Comments

There are no comments

Comments & Requests


Please note that client queries should NOT be posted here but sent through our Contact page.