THE ANALYSIS OF ABSORPTION CAPACITY OF EUROPEAN FUNDING IN THE NORTH WESTERN REGION OF ROMANIA

• Main Author: Droj Laurentiu
• Format: Article
• Language: deu
• Published: University of Oradea 2010-12-01
• Series: Annals of the University of Oradea: Economic Science
• Subjects: Absorption capacity; European Union; European funds; Structural Funds; European Regional Development Fund; Financial allocation
• Online Access: http://anale.steconomiceuoradea.ro/volume/2010/n2/084.pdf

This paper analyzes the Romanian absorption capacity of the funds allocated through the REGIO programme, which is part of ERDF programme. Within the paper are presented the concept of absorption capacity and several opinions regarding its main composing elements. Also the Regio programme, its main axis and its budget is briefly presented. In the last chapter of the analysis a thorough analysis of the implementation of REGIO in the Romanian North-West Region was carried out and several causes for the low absorption of European Founds have been identified.. The process of improving the absorption capacity of European Funds is still at the beginning in Romania and will certainly become an important issue over the following years at all levels of the Romanian society and at the level of the European Funding Authorities as well.