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Specific Features in Accessing European Funding

Author

Listed:
  • 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)

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.

Suggested Citation

  • Andreea Lorena RADU & Elena Alexandra CALDARARU & Maria DIMITRIU, 2011. "Specific Features in Accessing European Funding," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 14(2), pages 500-511, December.
  • Handle: RePEc:rom:econmn:v:14:y:2011:i:2:p:500-510
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    File URL: http://www.management.ase.ro/reveconomia/2011-2/22.pdf
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    More about this item

    Keywords

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

    JEL classification:

    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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