The prospects for European funding for the Romanian business environment
Publicat pe 27/04/2018
Bucharest, April, 26th, 2018: The Chamber of Commerce and Industry of Romania (CCIR) organized today, April 26, the workshop “European Financial and Non-Financial Instruments for the Romanian Business Environment”, in collaboration with the Representation of the European Commission in Romania
The representatives of the Romanian business environment had the opportunity to obtain very useful information about the technical tools made available to companies, in order to improve the capacity to attract European funds
At the same time, the themes discussed included information on the funding instruments available to the business community: The Structural Funds, the competitiveness program for small and medium enterprises (COSME), the Juncker Plan and the strategic investments and prospects for the post – 2020 funding.
Mr. Virgil Goagă, Director of the CCIR External Relations Department, stressed the importance that the entire Cameral System offers to boost the attraction of European funds by Romanian companies: “The CCIR is supporting the business environment in an attempt to attract European funding faster and more easily, through a series of actions, such as business forums, which we organize in Bucharest, various economic and trade missions, seminars or symposiums on the subject. In order to make this process more efficient, we joined forces with the European Commission Representation in Romania and remain open to resolving any issues raised by the local business community in this area. ”
Mr. Istvan Jakab, Economic Counselor – European Commission Representation in Romania, said: “Currently, funding can be obtained either through the COSME or through structural funds. In addition, companies have the newest and most important financial instrument, obtaining funding from the European Investment Fund, also known as the Junker Plan, which has already begun to be successfully used in Romania. The Junker Plan will be continued in the next financial framework. ”
The event was attended by officials from the Ministry of European Funds, the European Bank for Reconstruction and Development (EBRD), Eximbank and INACO. Participants’ speeches were generally focused on the difficulty of accessing European funding, as well as on delaying evaluation procedures and signing financing documents after winning funding. In addition, it has been reported the margins of the interest rate applied by commercial banks, which have to be within the limits imposed by law.
Romania benefits through the Partnership Agreement with the European Commission for the 2014-2020 multiannual financial year, of 30.8 billion Euro through the Structural and Investment Funds, equivalent to 1546 EUR/person, plus national allocations of 5,6 billion Euro, resulting in a total amount of EUR 36.44 billion. According to the latest statistics, published by the Ministry of European Funds, 11.8% of the funds allocated to the current financial year were attracted by February, 2nd, 2018.