The role of European funds in developing and sustaining rural entrepreneurship in Romania

With the integration into the European Union (EU) in 2007, growth opportunities have arisen for Romania. In terms of rural area and agriculture, National Rural Development Programs (NRDPs) are implemented, through which funds are granted from the European Union and the Government of Romania, for the economic and social development of the rural area. In this context, entrepreneurial initiatives for rural development have been encouraged, and many SMEs were given the opportunity to be eligible for European funding. The NRDP 2014-2020 continues the efforts for rural development, through strategic objectives, allowing entrepreneurs to implement their business ideas and sustain the development of the rural communities. The paper aims to analyze how the European funding influences the development of rural entrepreneurship in Romania. The study will comprise an analysis of the existing results of the NRDP 2014-2020, referring to annual evaluation indicators of the project implementation (number of jobs created in supported projects, percentage of rural population targeted by local development strategies, etc.). The methodology focuses on interpretation of the latest statistical data from trusted sources, as well as analysis of the official documents and reports (e.g. NRDP 2014-2020 annual report). This paper will contribute with accurate results and discussions concerning the role of EU funds for the rural communities. Also, the study will describe some of the challenges that Romanian rural entrepreneurship still faces after implementation of European funding programs and unresolved issues.