RRI Live!

Listen to Radio Romania International Live

More money for Romania?

Romania is to receive 27 billion euros in cohesion funds

More money for Romania?
More money for Romania?

, 17.08.2018, 12:00

The European Commission plans to streamline the cohesion policy, the EUs main investment policy for the 2021 – 2027 financial framework. Cohesion funds for Italy and other member states in southern Europe, affected by the economic crisis and the wave of migrants, will be increased by 6%, whereas other states are going to see their funds trimmed. Romania is to receive 27 billion euros in cohesion funds, by 8% (or 2 billion euros ) more than under the 2014 – 2020 financial framework. This is a significant amount of money, accounting for 15% of Romanias GDP in 2017.



Here is the European Commissioner for Regional Policy, Corina Cretu with more details: “For the first time in the history of the European Union, the cohesion policy has become the most important policy and the main source of investment in Europe. This is the best proof of solidarity and is aimed at reducing economic, social and territorial disparities in Europe. I believe that in the present context, when we deal with the sad reality of the EUs second largest contributor preparing to leave the bloc, we have managed to come up with a cohesion policy for all regions, which leaves no one behind, we have made it more accessible, easier to adjust to the new priorities and we have increased the protection of EU citizens.



During the 2007-2013 financial framework Romania lost 1.6 billion euros because it was unable to spend the money from the structural funds. Under the current financial framework, Romania was allotted 25 billion euros worth of structural and cohesion funds. Four years on, however, Romania has only absorbed 2.7 billion euros from the EU, that is only 10% of the funds available. Under these circumstances, will Bucharest be able to attract more funds?



Corina Cretu explains: “In the new allocation period, after 2020, we will support more the local, urban and territorial authorities, and get them more involved in handling the European funds, because I believe that regions and cities know more than we do, in Brussels, what they should be investing in and which are their priorities. We rely on an overall budget of 374 billion Euros for all 27-member states. Of the 374 billion, 75% will still be earmarked for the regions that need investment the most, so for the less developed regions. Romania, alongside Bulgaria and Greece, is among the EU states getting most funds from the EU, by 8% more as compared to the previous period. It is important to use the money on concrete projects that should improve peoples lives. And I believe we should start drawing up projects well in advance, in order to use this opportunity.



The budget for the 2021-2027 financial framework, the first one drafted after the UK leaves the European Union, will go up to 1,100 billion Euros, from 1,000 billion euros under the current seven-year financial framework. The Commission plans to increase the amounts allotted to research, security and digital economy.



“Weve simplified the norms, which will be to everyones benefit, from small enterprises and entrepreneurs, to schools and hospitals, which will be able to obtain funds more easily, EU Commissioner Corina Cretu has also said.



The cohesion policy classifies regions in three categories – less developed regions, transition regions and developed regions. The GDP per capita will remain the main criteria for allocating the funds, and new criteria have been introduced to more accurately reflect reality, including youth unemployment, low education levels, climate change and migrant integration.



Commissioner Corina Cretu has also explained why Poland and Hungary will receive less funds, and that is because Brussels acknowledges the progress these two countries have made in recent years. For instance, Poland joined the EU when its GDP accounted for almost 50% of the European average, while at present it stands at almost 75% of the European average. This has significantly improved peoples lives. Commissioner Corina Cretu also brought up the issue of funds being cut off, if the rule of law is being broken.



The future mechanism, to be enforced if a certain member state fails to observe democratic norms, will cut funds horizontally, that is all EU funds earmarked for the respective state. Work on this mechanism is still in progress, it is a sensitive issue and its important that it should leave no room for abuse, Commissioner Cretu has emphasized.




Sursa foto: pixabay.com
The Future Starts Today Friday, 18 October 2024

October, the European month of cybersecurity

The European Cyber Security Month is an annual campaign that promotes awareness and best practices in online cyber security, providing information on...

October, the European month of cybersecurity
Ana Aslan
The Future Starts Today Friday, 11 October 2024

The Pace of Aging

“Youth is about optimism, well-being, and a goal to fight for” – this is the creed that underpinned the work of Ana Aslan, one of...

The Pace of Aging
(foto: unsplash.com)
The Future Starts Today Friday, 04 October 2024

Major plan for the re-industrialization of Romania

For the first time in the last 35 years, a major plan for the re-industrialization of the country was announced in Romania. With a value of 3 billion...

Major plan for the re-industrialization of Romania
Kadri Simson (Photographer: Michel CHRISTEN Copyright: © European Union 2024 - Source : EP)
The Future Starts Today Friday, 20 September 2024

Energy for the future

    Over the past few years, the European Union has managed to withstand critical risks to its security of energy supply, regain control...

Energy for the future
The Future Starts Today Friday, 13 September 2024

Cyberspace vulnerabilities

More than 8.5 million computers running Windows software were affected by the world’s largest Internet outage in July this year. The figure...

Cyberspace vulnerabilities
The Future Starts Today Friday, 09 August 2024

Good Immunity as a Prevention Measure

Defined as the body’s ability to defend itself against viruses, bacteria and parasites, immunity plays a crucial role in maintaining health....

Good Immunity as a Prevention Measure
The Future Starts Today Friday, 02 August 2024

Disinformation Online

Based on seven key principles, UNESCO’s plan to combat the rampant spread of online disinformation and hate speech aims to protect the...

Disinformation Online
The Future Starts Today Friday, 19 July 2024

The increasingly sophisticated information warfare

The tools used in information warfare are becoming more sophisticated by the day, says professor Iulian...

The increasingly sophisticated information warfare

Partners

Muzeul Național al Țăranului Român Muzeul Național al Țăranului Român
Liga Studentilor Romani din Strainatate - LSRS Liga Studentilor Romani din Strainatate - LSRS
Modernism | The Leading Romanian Art Magazine Online Modernism | The Leading Romanian Art Magazine Online
Institului European din România Institului European din România
Institutul Francez din România – Bucureşti Institutul Francez din România – Bucureşti
Muzeul Național de Artă al României Muzeul Național de Artă al României
Le petit Journal Le petit Journal
Radio Prague International Radio Prague International
Muzeul Național de Istorie a României Muzeul Național de Istorie a României
ARCUB ARCUB
Radio Canada International Radio Canada International
Muzeul Național al Satului „Dimitrie Gusti” Muzeul Național al Satului „Dimitrie Gusti”
SWI swissinfo.ch SWI swissinfo.ch
UBB Radio ONLINE UBB Radio ONLINE
Strona główna - English Section - polskieradio.pl Strona główna - English Section - polskieradio.pl
creart - Centrul de Creație Artă și Tradiție al Municipiului Bucuresti creart - Centrul de Creație Artă și Tradiție al Municipiului Bucuresti
italradio italradio
Institutul Confucius Institutul Confucius
BUCPRESS - știri din Cernăuți BUCPRESS - știri din Cernăuți

Affiliates

Euranet Plus Euranet Plus
AIB | the trade association for international broadcasters AIB | the trade association for international broadcasters
Digital Radio Mondiale Digital Radio Mondiale
News and current affairs from Germany and around the world News and current affairs from Germany and around the world
Comunità radiotelevisiva italofona Comunità radiotelevisiva italofona

Providers

RADIOCOM RADIOCOM
Zeno Media - The Everything Audio Company Zeno Media - The Everything Audio Company