EC asks Romania to re-write plans for spending 2014-2020 allocations from EU budget

By bne IntelliNews July 19, 2013

The European Commission has warned the Romanian government that the draft 2014-2020 Partnership Agreement sent to Brussels, which is the instrument that regulates how the money from the EU budget are used,  is not coherent and fails in outlining key priorities, Ziarul Financiar daily announced, quoting a notification submitted to the country’s representatives to the EU.

The document ought to be re-written by September, the Commission reportedly asked. The warning was reportedly passed to government officials. The Romanian representatives claim, however, that submitting the document in September would not result in any delay and assured that the national document will be endorsed by the EC in line with the documents of all the other countries.

In case the Partnership Agreement is rejected by the European Commission, the operational programmes will be endorsed with delay and their implementation would not be possible starting January 2014. This would create further problems related to the absorption of EU funds.

The problems in Romania’s Partnership Agreement were reportedly spotted, according to a document leaked to Mediafax, in early July at an informal meeting held in Brussels by the representatives of national ministries of European funds, regional development, public administration, labour, education and agriculture. The ministries held discussed on the occasion with representatives of respective the European directorates.

Related Articles

EC clears €200mn capital increase at Romanian state-owned CEC Bank

The European Commission has approved Romania’s planned €200mn capital increase for state-owned CEC Bank, allowing the country to proceed with strengthening the lender’s financial position, ... more

Austrian bank Addiko to enter Romanian market with consumer loans first

Addiko Bank, an Austrian financial institution specialising in the consumer and SME sector operating in Central and South-Eastern Europe (CSE), is preparing to launch operations in Romania with the ... more

Moldova’s MAIB announces stronger profit and plans to expand in Romania

Moldova’s Maib bank, which plans to list its shares on the Bucharest Exchange (BVB), has reported an excellent third quarter, with net profit rising by 11% year on year to MDL1.1bn ... more

Dismiss