Main Impediments for a Successful Absorption of EU-Funds

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Main Impediments for a Successful Absorption of EU-Funds Johannes Becker Bucharest, 12.6.2018

Situation today Two thirds of the period 2014 – 2020 have passed; Absorption of EU-Funds extremely low: 4,91% without Rural Development 10,07% including Rural Development Biggest problems to be found in programs for Human Capital and Regional Development Romania risks to definitely lose about 3 bn Euro EU-Funds in 2018; Highest number of fraud investigations related to EU-Funds; National State Aid programs for funding of projects were stopped in early 2017;

Main reasons Lack of political will, delayed decisions; Instability; Conflicts between authorities; Legislative changes that obstruct EU-funded projects; Needlessly complicated procedures; Technical resasons, such as: MySMIS; Management Authorities; Ex-ante conditions; Reallocation; etc.

Ministers for EU-Funds in the past three years   Until 03/2015: Eugen Teodorovici 03/2015 – 12/2015: Marius Nica 12/2015 – 04/2016: Aura Raducu 04/2016 – 10/2016: Cristian Ghinea 10/2016 – 12/2016: Dragos Dinu 12/2016 – 02/2017: Mihaela Toader 02/2017 – 10/2017: Rovana Plumb 10/2017 – 01/2018: Marius Nica 01/2018 - ?: Rovana Plumb

Main reasons Lack of political will; Instability; Conflicts between authorities; Legislative changes that obstruct EU-funded projects; Needlessly complicated procedures; Technical resasons, such as: MySMIS; Management Authorities; Ex-ante conditions; Reallocation; etc.

The TPA Group We are one of the leading experts in tax advisory, accounting, audit and advisory in Central and South Eastern Europe. PL CZ SK AT HU RO SL HR RS BG AL

For us, providing advice means finding perfect solutions The TPA Group is one of the leading companies in CEE/SEE offering tax advisory & auditing services: tax advisory, accounting, auditing and advisory. In the efficient cross-border consulting of multinational companies the strength of the TPA Group in the typical target markets in Central and South East Europe is unique, exceptional and convincing. TAX ADVISORY ACCOUNTING AUDIT ADVISORY

Get into contact with TPA: Member of the Coalition for the Development of Romania Member of National Association of Consulting Companies (AMCOR) Member of the German Romanian Chamber of Commerce (AHK) Business Consultant Specialist for EU - and national grants Strategic Development Services and Areas of Expertise: Metal & Wood Processing Textiles Automotive Agriculture & Forestry, Wine Food Processing Alternative Energy Pharma Waste Industry, Construction Materials Cultural Projects, Social Projects, NGOs Public Administration, Media Johannes Becker PL Partner PL CZ SK CZ Tel. +40 21 310 06 69 AT SK HU johannes.becker@tpa-group.ro RO AT SL www.tpa-group.ro HR HU RO Str. Grigore Cobalcescu 46 010196 Bucuresti SL HR RS BG RS BG AL AL