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The Challenges of Projects Implemented with Financing from European Union Funds

Author

Listed:
  • Iacob Pargaru Oana Camelia

    (University POLITEHNICA of Bucharest, Romania)

  • Spiridon Carmen Elena

    (Valahia University, Targoviste, Romania)

  • Buzoianu Ovidiu Andrei Cristian

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Uta Nicolae Gabriel

    (Valahia University, Targoviste, Romania)

Abstract

When a Romanian entrepreneur is looking for European funds to finance his business, it is essential for him to understand the terms of the loan and the details about the financier, just like in any other loan agreement. The aim of this article is to present the challenges of projects implemented with funding from European Union funds. The research methodology involved a literature review followed by an analysis that examines different categories of public structures, including deconcentrated or decentralized units of central public administration, local public administration units, autonomous kings, state commercial companies or local authorities, units of state education and research, hospitals, and intercommunity development associations. The findings of the research highlighted the specific types of organizations that received financial support from EU-funded programs. Thus, the funds allocated to Romania by the European Union, considered from the point of view of the investment strategy and their non-refundable nature, constituted a substantial asset for the development of the Romanian economy and society in the short, medium and long term. In addition, these funds represented an element of budgetary sustainability. The results of the projects that were financed from European funds are numerous. Each of these is an illustration of a successful effort that has the potential to give rise to additional initiatives of equal significance in the context of the new opportunities that the European Union will fund.

Suggested Citation

  • Iacob Pargaru Oana Camelia & Spiridon Carmen Elena & Buzoianu Ovidiu Andrei Cristian & Uta Nicolae Gabriel, 2024. "The Challenges of Projects Implemented with Financing from European Union Funds," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 18(1), pages 846-855.
    • Handle: RePEc:vrs:poicbe:v:18:y:2024:i:1:p:846-855:n:1010
    DOI: 10.2478/picbe-2024-0074
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    References listed on IDEAS

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    1. Carmen Valentina Radulescu & Georgiana-Raluca Ladaru & Sorin Burlacu & Florentina Constantin & Corina Ioanăș & Ionut Laurentiu Petre, 2020. "Impact of the COVID-19 Pandemic on the Romanian Labor Market," Sustainability, MDPI, vol. 13(1), pages 1-23, December.
    2. Francesco Corti & Daniel Gros & Tomas Ruiz & Alessandro Liscai & Tamas Kiss-Galfalvi & David Gstrein & Elena Herold & Mathias Dolls & Clemens Fuest, 2022. "The European Added Value of the Recovery and Resilience Facility," EconPol Policy Reports 39, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    3. Carmen-Valentina Radulescu & Ioan I. Gaf-Deac & Florina Bran & Catalin-Octavian Manescu & Dumitru Alexandru Bodislav & Sorin Burlacu, 2023. "The Mix of Resources, Security and Sustainability of the Energy Complex in Romania in the European Context," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 25(63), pages 447-447, April.
    Full references (including those not matched with items on IDEAS)

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