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Analysis of the Risk of Fraud in Projects Financed from European Funds

Author

Listed:
  • Mihaela Sudacevschi

    (Faculty of Economics and Business Administration, “Nicolae Titulescu” University, Bucharest)

  • Viorica Mirela Stefan-Duicu

    (Faculty of Economics and Business Administration, “Nicolae Titulescu” University, Bucharest)

Abstract

The European funds represent a source of non-refundable financing allocated to the EU member states, in order to reduce the economic and social development gaps between them. Funding from the EU is dedicated especially for the fields that generate the highest added value in the EU economy, and the allocations at the level of each member state are negotiated with the European Commission. Unfortunately, however, a number of irregularities or even frauds also appear in the allocation and implementation of European funds. This paper aims to analyze the risk of fraud in projects financed from European funds and the measures that can be adopted to reduce the financial corrections applied in the case of irregularities found in the use of European funds.

Suggested Citation

  • Mihaela Sudacevschi & Viorica Mirela Stefan-Duicu, 2023. "Analysis of the Risk of Fraud in Projects Financed from European Funds," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 11(2), pages 113-119, December.
    • Handle: RePEc:ntu:ntugeo:vol11-iss2-113-119
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