EU funds absorption rate exceeds 52 percent

The European Commission repaid Romania this year about 565 million euros worth of funds following the relevant payment applications submitted in 2014; consequently, the absorption rate of European funds currently exceeds 52 percent, the Ministry of European Funds announced.

Photo credit: (c) Cristian NISTOR / AGERPRES ARCHIVE

"Romania cashed this year over 565 million euros from the European Commission. In February 2015 our country received over 460 million euros in repayments and another approximately 104 million euros have flown in alone in early March," said Minister of European Funds Eugen Teodorovici.

"At the end of this year, Romania will reach an absorption rate of about 80 percent, thanks to the measures we started to implement in 2013 and which we will continue this year. I remind you, this year is crucial because it is the last when we can still spend EU funds allocated for the 2007 ? 2013 programming period," said Minister Teodorovici. AGERPRES