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Priorities for EU funds absorption over 2014-2020, to be established by May-end

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The strategic document draft establishing the priorities for using the money earmarked by the European Union will be completed by the end of May, the European Funds Ministry announced in a release.

In this respect, European Funds Minister Eugen Teodorovici presented in the Government meeting on Wednesday a note concerning the actions to be taken by the ministries to prepare the absorption of European Funds in the period 2014-2020.

'The actions this year are crucial for the good use of EU funds earmarked in the following budget period,' the release shows.

By the end of May 2013 the draft of the national strategic document will be completed, establishing the priorities for using the money earmarked by the EU - the Partnership Agreement, the cited source adds.

In the coming period, the ministries will draw up the draft of the Partnership Agreement and the operational programmes, through which the EU funds will be drawn over 2014-2020. The ministries complete the lists of funding priorities in the managed areas, and the European Funds Ministry will complete the strategy for using the European funds in the next budget period.

Romania by the end of this year will forward the European Commission the operational programmes, the European Funds Ministry also informs.

The EU allotment for Romania in the period 2014-2020 stands at approximately 39 billion euros, out of which the structural and cohesion funds represent about 21 billion euros.

According to MFE, the funding priorities proposed to Romania by the European Commission aim at improving the human capital by increasing the employment rate and through better policies concerning social inclusion and education, the development of a modern infrastructure, the promotion of economic competitiveness and local development, the optimization of the employment and protection of natural resources and assets, namely the modernization and consolidation of the national administration and of the judicial system.

 

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