Romania To Reduce Refund For EU Projects, In Case Of Faulty Auction

06.30.2011 By Bostan Radu

Romania will refund the cost of a project financed with EU funds only after an inspection of the way the contract was awarded, cutting 2%-100% of the returned amount if the investigation reveals irregularities, which means a delay of up to six months for the refund.

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Keywords:
GOVERNMETN
, EU CONTRACT
, PROCUREMENT