EU funding in Romania – puzzling ground
Romania is notorious for being the country with the lowest EU funds absorption rate despite its economy’s dire need for money. Romania’s public and private sector absorbed only €10.33 billion in available EU funds from 2007 until 2013, with €8.7 billion remaining in stand-by until the end of 2015, when the offer will be permanently withdrawn. However, according to the World Bank, the country still has the highest poverty rate in the EU. There are two main reasons that help explain this apparent paradox.
