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ISSN-L 1453-0503
ISSN (e) 2286-170X
ISSN (p) 1453-0503



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The Management Of Structural Funds For The Energy Sector In Romania


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  1. Authors:
      • Ph. D. Luciana Stan, email: Luciana_A_stan@yahoo.com, Afiliation: The Romanian Academy, Romania

      • 37|49

  2. Keywords: structural funds, energy sector, absorption of European funds, modernization, infrastructure development

  3. Abstract:
    As tools through which the European Commission acts to eliminate economic
    and social disparities between regions, the structural and Cohesion Funds (SCF) are designed
    to achieve economic and social cohesion with other Member countries of the European Union,
    having thus a vital importance for each country. Although we are already in the period of postaccession
    financial allocation, Romania still faces difficulties in the process of absorption of EU
    funds. At this point, the needs of modernization and infrastructure development are becoming
    more and more acute, making mandatory the absorption of structural funds. However, we are
    already close to the middle of the period 2014-2020 financial allocation and the majority of funding
    have just launched the call for proposals. The national energy system, like all infrastructure
    systems in our country, has an acute need for financing, especially as regards the technological
    modernization of transport and energy production. Our country needs an integrated strategy on
    economic absorption in interinstitutional levels but especially increasing the prevention capacity
    of the system that will help to avoid financial corrections and projects. Among the measures to be
    taken at the governmental level in order to improve the absorption of European funds include the
    simplification of working models, calls for projects and efficient organization of staff. This paper
    objective is to analyse the effects and efficiency of the policy of the structural funds in the field of
    energy and to identify measures needed to increase its capacity to absorb these funds.

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