Achievements and Prospects of the Absorption of Structural and Cohesion Funds under the Impact of Global Crises
Achievements and Prospects of the Absorption of Structural and Cohesion Funds under the Impact of Global Crises

Author(s): Camelia Nicoleta Medeleanu, Mihaela Dana Ignat
Subject(s): Economy
Published by: Editura Lumen, Asociatia Lumen
Summary/Abstract: Regional development and socio-economic cohesion is macro processes that are involved and engaged in all EU Member States. Romania, a full member on 1 January 2007, could not miss, but the degree of participation and profitability absorption of Structural Funds and Cohesion (FSC) – the main instruments for the implementation of cohesion policy in the Community – is different other countries because it raised the necessities and less possibilities, nor to be reformed so as to be a more active partner and valued in the struggle for development and intra-community cohesion. Romania has the lowest uptake of FSC in the EU at a rate of reimbursement requests in Brussels at the end of March 2016, only 61.57%. In this article we try to disseminate the causes of this low absorption, taking account of experience to date and the imperative for Romania to improve its absorption in 2014-2020.

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