Romania: At 33.13% the absorption of European funds by GRNET

Romania: At 33.13% the absorption of European funds by GRNET

According to official data available on the website of the Ministry of European Funds, from 1 June 2020, the overall real absorption rate of the European Structural and Investment Funds for the year 2014-2020 was 33.13%.

The total budget allocated to Romania for the financial year 2014-2020 amounts to 36.16 billion euro.

The European Commission has already approved 97% of the amount allocated, ie 35.48 billion euro, but on 4 August 2020, only 12.6 billion euros were absorbed, ie 34% of the budget./ibna