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Specific procurement procedures – sources of risk in the management of Structural Funds in Romania

Author

Listed:
  • Dumitru BADEA

    (Bucharest University of Economic Studies, Romania)

  • Ciprian NICOLAE

    (Bucharest University of Economic Studies, Romania)

Abstract

Grants management system in Romania is a complex one, requiring a large amount of resources and regulations, but also flexible procedures for planning, evaluation, contracting, monitoring, control and audit. Risk management is also a key issue as the authorities have the mission to efficiently use the public resources. The current risk procedures used in the public sector in Romania proved to be only theoretical and need improvement, including consideration, analysis and action regarding the public procurement related risks. Almost yearly legislative modifications lead to new major risks, which impacted with financial correction established by the EU to Romania.

Suggested Citation

  • Dumitru BADEA & Ciprian NICOLAE, 2015. "Specific procurement procedures – sources of risk in the management of Structural Funds in Romania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(Special(I), pages 35-44.
    • Handle: RePEc:agr:journl:v:xxii:y:2015:i:special(ii):p:35-44
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