European Union (Eu) Funds Absorption €" Romania

This paper is about European Union funds in Romania and tries to give relevant information on this aspect. The paper is addressed to all persons interested in this domain, especially for those that work in this sector (non-governmental sector, public institutions, etc) and that need to have a better perspective on the situation. The methodology was based on self-documentation which involved a wide range of materials: reports, case studies, paper works, articles, specific sites, European Union guides. This paper underlines the importance of European Union funds and how they differ from one country to another, the situation of absorption in Romania with dates regarding the level of absorption. My research includes both quantitative and qualitative dates; the ideas are embraced by my own opinions on the topic and expresses also my beliefs on the matter. The added value of the paper is provided by the elements brought together: the situation of European Union absorption in Eastern European countries and in Romania, the rage of absorption for each Operational Program and relevant conclusions. The paper starts with an introduction that offers general information about the topic, a short background on the next headlines. As follows, each headline surprises with punctual elements of European Union funds and absorption: determinant causes, solutions found, institutions involved, conclusions. The results of the paper shows that in the next period there are big chances for absorption to growth due to the identified problems. Lack of experience and non-qualified persons, low quality management lead to unsatisfactory results. Institutions in Romania are concerned about this situation and fight to bring out the best solutions. This paper should be read and acknowledged as a study for the European Union fundsâ€(tm) absorption and it aims to create an interest for more persons in contributing to the strategic growth of the country by implementing co-financed projects.