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Considerations regarding the influence of the base leading rate over actualization rate of investment projects financed by EU funds


  • Attila TAMAS SZORA
  • Iulian DOBRA

    (“1 Decembrie 1918” University of Alba Iulia)


The investment process is a complex economic process that implies risks. Allotting capital resources in an investment project without using an adequate discount rate of the cash flows, which will take into account the evolution of the base leading rate of NBR (National Bank of Romania), can lead to the total or partial loss of the invested capital by the European Union, by Romania’s government and by the applicants. There is a permanent concern from the experts to find an adequate indicator to calculate the discount rate of the cash flows, which will be able to provide an accurate image of the efficiency of an investment project and that will allow to make the right decision regarding the existent financing or capital investment alternatives.

Suggested Citation

  • Attila TAMAS SZORA & Iulian DOBRA, 2010. "Considerations regarding the influence of the base leading rate over actualization rate of investment projects financed by EU funds," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(11), pages 141-154, May.
  • Handle: RePEc:aio:fpvfcf:v:1:y:2010:i:11:p:141-154

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    References listed on IDEAS

    1. William R. White, 2006. "Is price stability enough?," BIS Working Papers 205, Bank for International Settlements.
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    More about this item


    base lending rate; investment projects; capital resources;

    JEL classification:

    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity


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