Revista Tinerilor Economiºti (The Young Economists Journal)

49
Finances - Accounting
COHESION FUNDING MEMBER STATES OF THE EUROPEAN UNION THROUGH STRUCTURAL
INSTRUMENTS. ANALYSIS OF THE DEGREE OF ABSORPTION OF FUNDS IN THE OPERATIONAL
PROGRAMMES IN ROMANIA
Mircea Simion Ph. D Student
University of Craiova
Faculty of Economics and Business Administration
Craiova, Romania
Abstract: Access and absorption of structural funds is the biggest
challenge for public administration for business and nongovernmental
sector. European integration itself depends on the optimization and
efficient absorption of substantial funds for Romania. The main obstacles
faced by new EU members, among which is found and Romania, are
reflected in reduced ability to efficiently use the allocated funds, the lack of
experience in developing large scale projects to European standards, lack
of transparency in the organization auctions, and the low level of
understanding of the methods by which to access European funding. This
article aims to conduct an analysis of absorption of funds under the
Operational Programmes in Romania.
JEL classification: G, H
Key words: Strategy absorb structural funds, operational programs, the convergence
project, the National Strategic Reference Framework
1.INTRODUCTION
In line with the strategic lines for growth and employment in the new Lisbon
agenda, programs supported by cohesion policy target three priorities: a) increase the
attractiveness of Member States, regions and cities by improving accessibility, ensuring
quality services and protecting the environment; b) Encouraging innovation,
entrepreneurship and the development of knowledge-based economy through research
and innovation; c) Creation of more jobs and better by taking more people and attract
them to entrepreneurship, improving adaptability of workers and enterprises and
increasing investment in human capital.
National Strategic Reference Framework. Member States must provide the
Commission with a National Strategic Reference Framework (NSRF), which ensures
that Community structural aid is consistent with the Community strategic guidelines
and identify the link between Community priorities, on the one hand, and national and
regional priorities, the Moreover, in order to promote sustainable development. Each
national strategic reference framework shall contain a summary of Member States'
strategy (strategic section) and the mechanism for implementation (operational
section).According Acquis Cohesion Policy, each Member State shall draw up a
National Strategic Reference Framework (NSRF), as a reference for programming the
Structural and Cohesion Funds.