EU Funds Minister, tolerant about Romania’s absorption rate

Romania will end the 2007-2013 programming period with a 70% absorption rate of EU funds, said Marius Nica, EU Funds Minister. The Minister said that this was Romania’s first financial experience of this kind, and that the country’s results should not be compared to Poland’s current absorption levels but with those Poland had in its first budgeting period, when it had a 60% EU funds absorption rate. “I don’t consider it a shameful result,” Nica added, reports local Agerpres. Valeriu Zgonea, president of the Chamber of Deputies, said that Romania needed to increase the professionalism of the central public administration for the 2014-2020 programming period to increase absorption levels. editor@romania-insider.com