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Structural Funds Absorption Growth By Improving Their Management

Author

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  • Pautu Sorina

    (West University of Timisoara, Faculty of Economics and Business Administration)

Abstract

Grant project management is now a trend in the institutions of various types in Romania due to the opportunities offered by the EU through structural Instruments. Absorbing European funds is a challenge for Romania. The Managing Authority for Structural Instruments, together with the subordinated institutions present deficiencies in their coordination and implementation, the effect being a slow process of absorption of structural and cohesion funds. Taking action to enhance absorption of Structural and Cohesion Funds was done later; some measures are neither effective nor efficient. One of the major problems in implementing the Structural Funds is the continuous change of their national legislation. Therefore it is necessary to take measures to increase the absorption of structural funds and also the national adoption of a stable legal framework applicable to Structural Funds, guides of the applicant and clearly established project calls, without any latest changes, creating a transparent system of project proposals assessment and results communication of assessments to their beneficiaries, the payments required by the reimbursement requests within 45 days specified in the contract and not just their validation, terms compliance in approval notifications and addenda to the contract funding, proper training of the personnel from the intermediate organizations and linking information provided by their staff.

Suggested Citation

  • Pautu Sorina, 2012. "Structural Funds Absorption Growth By Improving Their Management," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 265-270, December.
  • Handle: RePEc:ora:journl:v:1:y:2012:i:2:p:265-270
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    File URL: http://anale.steconomiceuoradea.ro/volume/2012/n2/038.pdf
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    More about this item

    Keywords

    project management; structural and cohesion funds absorption; deficiencies in the implementation of structural and cohesion funds; measures to improve structural instruments management;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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