Home Volumul 1 ASPECTS OF THE EU FINANCIAL INSTRUMENTS MANAGEMENT IN ROMANIA FOR 2007-2013

ASPECTS OF THE EU FINANCIAL INSTRUMENTS MANAGEMENT IN ROMANIA FOR 2007-2013


Ana-Maria Popescu (Stîngaciu)
Faculty of Economics and Business Administration
16 J.H. Pestalozzi Street, 300115, Timisoara, e-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Abstract
The objectives and the instruments of the Cohesion Policy are designed to support
programmes on regional development, economic growth, enhanced competitiveness and
territorial cooperation throughout the European Union, to develop human resources and
employability. The general objective of the paper is to highlight the important role of the
financial instruments in reducing the financial crisis and the global imbalance. The paper
presents the major financial instruments of the Cohesion Policy for Romania between 2007
and 2013 and aspects of the management of these funds. The article also presents the
absorption level of some of EU financial instruments to a certain period of time and
measures needed to be taken in order to avoid the automatic decommitment of funds
allocated to Romania for the period 2007-2013.
Keywords: management, financial instruments, structural funds, absorption, cross-border
cooperation
JEL Classification: O 10, O 20, O 22

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