ZF English

Companies gave up 27m euros in EU funds

Autor: Adriana Rosoga

03.11.2010, 00:02 20

The impossibility of taking out a banking loan that shouldsecure the co-funding part and going beyond the projectimplementation period stipulated in contracts are the main reasonswhy 230 firms have given up 26m euros from the EU, according to thedata provided by authorities at ZF's request.


"I won two projects, signed them, but I did not go further. Thereasons: around 30% we did not have funding sources and 70% we didnot have the courage to implement the project any more. Banks areno longer granting loans, and I don't believe the indicators wehave now would allow us to get a loan. Funding and the retailmarket freeze are our main problems," says the representative of aconstruction firm who gave up funding worth several hundredthousand euros.
In the first axis of the Sectoral Operational Programme on BoostingEconomic Competitiveness (POS CCE), 105 funding contracts thatasked for over 37m RON (8.8m euros) from the EU were cancelled bymid-October, while through the regional operational programme(POR), 124 funding contracts submitted by micro-enterprises werecancelled, with the total value of non-repayable funding requestedthrough them standing at 78m RON (18.5m euros).

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