European Commission warns Romania of incoherent financial plan

The European executive arm has warned Romania its plan drawn up with a view to access EU funds during the 2014-2020 financial scheme is not coherent and thus has to be redone by September, or else it faces delays in funds payments.

Brussels underlined the draft Partnership Agreement, the document which regulates the future use of the European funds, is incoherent and lacks clear priorities. If the text is not re-written based on the European Commission’s recommendations, Romania faces delays in negotiations on the programs enlisted to receive EU funds. This means a delay in payments for such programs, compared to other EU member states, it warned.

Romania is slated to receive 39.8 billion euro for the 2014-2020 financial scheme, 18 per cent more than the funds ascribed for the 2007-2013 period (33.5 billion euro). An initial figure floated by the Romanian media came to 48 billion euro, which determined PM Victor Ponta, President Traian Basescu’s political rival, to declare himself disappointed by the latter’s performance in negotiating the next EU funds.

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(Photo:  Rama)