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Romania risks disengagement of 500 million lei for the European projects in energy, due to delays
Romania risks disengagements of over 500 million lei (112 million euro) for projects in the energy sector financed with European funds, in the financial exercise 2007 – 2013 due to the fact that they will not be finalised until 31 December 2015 according to the minister of energy Victor Grigorescu.
‘I regret the fact that we are among the institutions which, unfortunately, risk disengagement of European funds, we speak about funds worth over 500 million lei. The reason for which we risk – I said we risk – as we make all efforts to limit this risk- but the risk comes from the fact that the projects financed risk not being put to value until 31 December 2015. I am convinced that a better evaluation of the situation would have allowed the identification of better measures and the growth of the level of absorption with certainty. 500 million lei is a good sum’ stated Grigorescu on Friday in a press conference.
He said that he discussed on this issue with the minister of European funds.
‘Unfortunately, the money is destined, mainly, to the local public authorities. It makes even more worrying and sadder’ Grigorescu said.
Premier Dacian Ciolos stated in the parliament, when he swore in, that Romania has many delays to draw the European funds from the previous period, the financial exercise 2007 – 2013 with a rest of 30% of the total of funds, and the present government will not make wonders to avoid ‘ a total disengagement’.