Companies gave up 27m euros in EU funds
The impossibility of taking out a banking loan that should secure the co-funding part and going beyond the project implementation period stipulated in contracts are the main reasons why 230 firms have given up 26m euros from the EU, according to the data provided by authorities at ZF's request.
"I won two projects, signed them, but I did not go further. The
reasons: around 30% we did not have funding sources and 70% we did
not have the courage to implement the project any more. Banks are
no longer granting loans, and I don't believe the indicators we
have now would allow us to get a loan. Funding and the retail
market freeze are our main problems," says the representative of a
construction firm who gave up funding worth several hundred
thousand euros.
In the first axis of the Sectoral Operational Programme on Boosting
Economic Competitiveness (POS CCE), 105 funding contracts that
asked for over 37m RON (8.8m euros) from the EU were cancelled by
mid-October, while through the regional operational programme
(POR), 124 funding contracts submitted by micro-enterprises were
cancelled, with the total value of non-repayable funding requested
through them standing at 78m RON (18.5m euros).