Volksbank Analysis: Romania’s Low EU Fund Absorption Rate Is Due To Poor Fund Allocation To SMEs

09.22.2012 By Ecaterina Craciun

Romania’s low absorption rate of European Union financing is due to the fact that only 15% of EU’s structural and cohesion funds allocated to Romania for the 2007-2013 period targeted the private sector and the small- and medium-sized enterprises (SMEs), says an analysis by Volksbank Romania.

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Keywords:
VOLKSBANK
, EUROPEAN FUNDS
, ABSORPTION
, SMES