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Specific Features in Accessing European Funding

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  • Andreea Lorena RADU

    ()
    (The Bucharest Academy of Economic Studies, Romania)

  • Elena Alexandra CALDARARU

    ()
    (The Bucharest Academy of Economic Studies, Romania)

  • Maria DIMITRIU

    ()
    (The Bucharest Academy of Economic Studies, Romania)

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    Abstract

    European Funds are the European Union financial instruments in order to assist Member States in reducing the existing disparities between regions and between countries, and for harmonization with the economic, social and cultural European standards. This paper intends to present some general characteristics applicable to the most important financing programs, and also to outline certain features of the main financing lines, referring to investment projects development and their implementation, based on the Applicant Guides analysis. The paper treats institutional, legal, financial, technical, social and environmental aspects and outlines proposals and recommendations to achieve a better EU funds absorption and also a higher success rate of initiated projects. In knowledge-based economy circumstances, training consultancy specialists, that represent the intellectual capital in this area, will ensure the professional management of the developing process, submission and ongoing competitive projects, and will help enhance the funds absorption at national level. Thus, the European support for investments in ensuring sustainable growth will help overcoming the difficulties encountered by our country, and will sustain the Romanian economy recovery.

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    Bibliographic Info

    Article provided by Faculty of Management, Academy of Economic Studies, Bucharest, Romania in its journal ECONOMIA seria MANAGEMENT / ECONOMY - MANAGEMENT series.

    Volume (Year): 14 (2011)
    Issue (Month): 2 (December)
    Pages: 500-511

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    Handle: RePEc:rom:econmn:v:14:y:2011:i:2:p:500-510

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    Keywords: eligible costs; European funds; investment; knowledge economy; sustainable development.;

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