about us | newsletter | contact | archive | members area
Bogdan Badea, Hidroelectrica
There is a need for urgent cost optimization»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

European Commissioner Cretu: EU funds absorption rate in Romania will exceed 90 percent on 2007-2013 period

European Commissioner for Regional Policy Corina Cretu said that in Romania the absorption rate for the funds allotted for the 2007-2013 period will exceed 90 per cent and that invoices corresponding to this period are still received until the end of this month.

2017-04-03 00:40:47 - From the Print Edition

"I have made all possible efforts to increase the absorption rate," said Cretu, according to Agerpres.

"When I became a European commissioner, Romania had 60 per cent absorption rate. Romania has no longer lost any Euro on the period 2015-2016 from the allotments it had. I want to inform you that until 31 March we still receive invoices for the 2007-2013 programming period, after which the Commission has at its disposal five months to analyse them. Indeed, our estimations reveal that the absorption rate will exceed 90 per cent.
The losses are estimated at round 2 billion Euro coming mainly from the period 2007-2011, when the financial programme began with delays. We have made all efforts to stage the projects that couldn′t be completed," Corina Cretu mentioned in the joint parliamentary committees on European affairs.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  2790 Views
Daily Info
Energy price for households to increase as of 1 January

The price of energy for consumers who are powered in universal service will increase as of 1 January, while the peak energy consumption, between 18:00 hrs and 22:00 hrs will b...

E-Distributie Muntenia invested 14.5 million RON for the modernisation of the Cotroceni primary station

E-Distributie Muntenia invested about 14.5 million RON (3.15 million Euro) for the first stages of the modernization of the Cotroceni primary station in Bucharest, a 3-year pr...

Intesa Sanpaolo finalizes the migration to take over the operations of Veneto Banca in Romania

Intesa Sanpaolo has finalized the migration for the transfer of certain assets and certain liabilities from the former Romanian branch of Veneto Banca, including its 19-agenci...

Citi Romania appoints Ivan Vrhel as general manager

Citi announced the appointment of Ivan Vrhel as general manager of Citi Romania, keeping at the same time the current responsibilities as director of Citi Commercial Bank divi...

Euler Hermes estimates the Romanian retail market is worth 40 billion Euro

Euler Hermes, part of Allianz Group, estimates the Romanian retail market is worth 40 billion Euro, a study shows.

 
 
   
advertising

advertising

advertising

advertising

advertising

advertising

More on News
Iohannis: Justice independence, public positions' integrity are constitutional values not to be negotiated

Promoting the rule of law and Justice independence, fighting against corruption, ensuring integrity in public positions and dignities are constitutional values that cannot ...

Garanti Leasing signs a loan agreement for 15 million Euro with EFSE

Garanti Leasing, part of Garanti Romania, has signed a loan agreement of 15 million Euro with the European Fund for Southeast Europe (EFSE). The facility is meant to increa...

Energy price for households to increase as of 1 January

The price of energy for consumers who are powered in universal service will increase as of 1 January, while the peak energy consumption, between 18:00 hrs and 22:00 hrs wil...

Construction works for the first pediatric oncology and radiotherapy hospital in Romania to begin with 8 million euro

Daruieste Viata Association is an NGO to start the construction works for the first pediatric cncology and radiotherapy hospital in Romania, in the court yard of the “Mar...

Mega Image to continue expansion in Romania in 2018

Local retailer Mega Image will continue its expansion next year, according to Vassilis Stavrou, the general manager of the Mega Image operations in Romania.

EBRD acquires 4.4 per cent stake in Globalworth

The European Bank for Reconstruction and Development (EBRD) has acquired a 4.4 per cent stake in real estate developer Globalworth, whose portfolio in Romania reached 1.08 ...

Citi Romania appoints Ivan Vrhel as general manager

Citi announced the appointment of Ivan Vrhel as general manager of Citi Romania, keeping at the same time the current responsibilities as director of Citi Commercial Bank d...