Romania can spend by 2017 last year’s unused EU funds worth EUR 3.11 billion.

The EU Council approved on Tuesday, April 21, the reallocation of these funds for 2015-2017, reports local Mediafax.

In 2014, Romania committed to projects with EU funding worth EUR 3.98 billion. However, it failed to spend EUR 3.11 billion, which will be transferred to projects due to start between 2015-2017.

By comparison, Poland committed last year to projects worth EUR 11.22 billion and failed to spend only EUR 95 million.

At an EU level, member states made commitments to projects due to start in 2014, worth EUR 61.75 billion. They used almost EUR 40.65 billion of this amount.

editor@romania-insider.com