Romania plans to fill financial void by absorbing EU funds

Romania plans to fill financial void by absorbing EU funds


Romanian Minister of European Affairs Leonard Orban has said that Romania has few growth options remaining, and a better absorption rate of EU funds could fill the void left by foreign investments.

From a maximum of €16 billion in 2008 foreign direct investments (FDI) plummeted to €2bn last year and the estimates are not optimistic for 2012 either. Orban said: “This year we have ambitious targets for EU fund absorption. We want to attract €3.5bn in cohesion funds, fro...


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