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Financing Instruments Used In The Centre Development Region

Author

Listed:
  • Hada Teodor

    (1st December Alba Iulia, Faculty of Science)

  • Cretu Simion

    (ADR Centru,)

Abstract

The paper presents the main financing instruments (projects) used in the Centre Region, approaching aspects regarding the Centre Development Region, such as its features in terms of the geographical profile of employment. In regard to the involvement of the population to the economic life, statistics show relatively low values of the overall activity and employment rates recorded primarily in the rural area. If we consider only the population included in the age group 15 to 64, the active population represent 62.2% of total, and the employment rate is 56.3% of the total active population, both declining in the last 15-20 years. At regional level, in order to implement the regional development policy in accordance with Law no. 315/2004 on regional development in Romania, two institutions are functioning: Regional Development Board and "Centru" Regional Development Agency. The paper also presents the use dynamics of funds in the Centre Region. Starting with 2007, "Centru" Regional Development Agency has become an intermediary body within ROP 2007-2013 with the role of promoting and managing the funds allocated to this region. In regard to the stage of implementation of ROP in the Centre Region, starting with February 25th, 2011, all 12 key areas of intervention of the programme were launched and a number of 1.053 projects were submitted in the Centre Region for a total amount of 1.033,99 million euro, the paper showing a diagram of the submitted projects. There is also a diagram of the amounts requested for funding the projects submitted until February 25th, 2011 at the Centru RDA and the available financing budgets on priority axes. Until February 25th, 2011, a number of 174 projects were contracted under ROP for a total value of 1.549.430.419,97 lei. In the end, we review the main indicators of the contracted projects. They belong to rural development, transport infrastructure, social infrastructure, regional and local business environment, tourism development and promotion.

Suggested Citation

  • Hada Teodor & Cretu Simion, 2011. "Financing Instruments Used In The Centre Development Region," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 83-90, December.
    • Handle: RePEc:ora:journl:v:1:y:2011:i:2:p:83-90
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    File URL: http://anale.steconomiceuoradea.ro/volume/2011/n2/010.pdf
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    More about this item

    Keywords

    Centre Region; labour force; project; indicators; structural funds;
    All these keywords.

    JEL classification:

    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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