ZF English

Fast pace of structural fund payments towards yearend

Autor: Adriana Rosoga

05.11.2010, 00:04 36

Out of the 8.6bn euros in European structural funds availablefor the 2007-2010 period, local authorities have so far transferredalmost 1.4bn euros to beneficiaries, meaning a 15.4% absorptionrate.
Major payments have started being operated in the past threemonths, when those who won European projects have received almost420m euros.
Reimbursements operated so far are still low, at 390m euros, withthe rest being represented by pre-funding, namely sums granted inadvance for projects to be started.
"We're still moving very slowly if we look at the absorptiondegree. The final term is drawing closer and awareness is growingat the level of political structures that European money must bedrawn," says Dragoş Jaliu, a partner of Structural Consulting Groupconsultancy.
Still lagging behind in drawing European funds is the transportoperational programme (1.83%), which operated no payment inOctober.

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