EU Funds Survey
Romania’s takeup of EU funds continues to lag behind other CEE countries in many sectors, the latest issue of the annual survey by KPMG member firms in the region EU Funds in Central and Eastern Europe indicates.
According to Daniela Nemoianu (photo), Head of Advisory in KPMG, Romania has an average of only 16% of total EU budget contracted (30% the largest ratio and 3% the lowest) on transport. “The KPMG survey shows that Romania is still behind on transport, energy and technical assistance. The good news is that take-up of R&D and HR development funds has been good. But there is a real need for a consistent improvement on infrastructure related funds. Many investors and business associations like the Foreign Investors’ Council (FIC) and the American Chamber of Commerce in Romania have repeatedly pointed out that Romania’s poor infrastructure is a serious disincentive to investment”, said Nemoianu.