Romania: Country finds itself on zero EU funds absorption rate for the month of January

Romania hasn’t received any money in January from the European Union for projects developed with EU funds.

Since the beginning of the 2014-2020 financial exercise, Romania has only managed to draw EUR 1.1 billion of the EUR 22.6 billion structural funds allotted to it. The absorption rate thus stood at 4.9% on February 2, according to official data from the EU Funds Ministry, cited by local media.

EU funds minister Rovana Plumb went to Brussels on Tuesday to talk to Marianne Thyssen, the European Commissioner for Employment, Social Affairs, Skills and Labor Mobility, about the Operational Program for Human Capital (POCU). Romania hasn’t managed to draw any money within this program, for which it has EUR 4.3 billion allotted from the EU.



Read more about this negative trend on Ziarul Financiar.