Absorption capacity and the impact of cohesion policy in Romania
Absorption capacity and the impact of cohesion policy in Romania

Summary/Abstract: The European Union's (EU) Cohesion Policy, the oldest policy within the EU, has undergone numerous transformations over more than three decades, evolving in both objectives and implementation instruments. The recent expansion of the European Union has rekindled discussions on the efficacy of Structural Funds in achieving economic goals. (Drăgan, 2018). Analyzing the impact and effectiveness of cohesion policy in Romania, as well as understanding the challenges involved in fund absorption and distribution at all levels, is crucial for achieving sustainable regional development to benefit citizens. Starting from the research question: "To what extent has Romania capitalized on the funds allocated through the cohesion policy?", this study outlines the following main objectives: (O1) identifying and analysing the main challenges for the regional policy and for the strengthening of regional and urban development (O2) determining the thematic priority areas to which the majority of cohesion funds in Romania have been allocated, (O3) identifying the primary investment priorities for which European funds have been attracted in Romania. This study aims to address the stated objectives and, where necessary, to identify areas for improvement and suggest strategies to overcome these obstacles.

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