Revista Tinerilor Economiºti (The Young Economists Journal)

Revista Tinerilor Economişti (The Young Economists Journal)
billion euros) in 2008, our country's contribution to the Community budget was
approximately 4.23 billion lei, while in 2009 it was 4.15 billion lei. Between 2010 and
2011, Romania's contribution is estimated at 4.58 billion lei, respectively 4.70 billion.
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.
European funds are one of Romania's economic development opportunity, in a
context where their use would mean an annual influx of capital that is, as a share to 5%
of gross domestic product. Moreover, once the fund-raising post-accession, Romania
could become a favorite target of investors, potential development of investment
projects, especially infrastructure, is a fairly high level. But the lack of programs and
delays in decisions on the budget, the European Union have made the seven operational
programs to be sent to Brussels until 2007, ie after the entry into the European Union.
Absorption of EU funds after the first year of Romania's accession to the European
Union stood at about half the level in countries like the Czech Republic, Poland,
Hungary and Slovakia, according to a study published by the National Bank of
Romania in March 2008. Thus, the absorption rate in Romania was 21.7% 42.9%
42.8% Hungary or Poland. Structural and Cohesion Funds have been acquired at a rate
of 32.7% and agriculture and rural development have been attracted only 3%. In the
year 2009, most funds were directed toward economic competition program - 934
projects - and the regional program - 578 projects for implementation, according to data
published by the Authority for the coordination of structural instruments, indicating that
the rate of absorption in these two sectors was 16.40% and 15.35%. Operational
Programme which has advanced the least was that of transport - with the absorption
level of 2.4% in December. Overall have been made to pay around 40 million at the end
of December.
To radically improve the absorption of EU funds have recently taken a series of
measures involving the following: - The country's budget was set as a priority
allocation of investment resources is carried out with co-financing from EU funds. In
this regard, the maximum pre-financing increased from 15% to 20% of the project; -
Pre-financing grant recipients are covered by state aid of up to 35% of the grant;
- Has introduced the option for private beneficiaries of the project and opening of bank
accounts from commercial banks; - VAT is reimbursed after each invoice. Were also
simplified the conditions for submitting project documentation. In this way the request
was dropped when submitting project documents, by replacing them with statements on
oath of the applicant, the submission of the documents required of the contraction
phase. When applying for funding at the present time, we also accept certified copies of
copies instead of the beneficiary. Certified copies will be required only to sign the grant
contracts. Guidelines for applicants have been reviewed and more clearly give the
documents to be submitted by applicants in the contracting phase. There are currently
implementing a series of measures to increase liquidity in the economy and finance: -
Adopt legislation on public-private partnership to increase private investment growth in
infrastructure; - Compensation to recover VAT paid VAT or other taxes payable to the
State and in the months following the month in which the application for refund, and
after the legal deadline of 45 days; - Will be offered the opportunity to participate in
bidding for goals financed with European funds and companies who owe the state
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