Protecting the use of EU investments in Romania: European Commission, national authorities and civil society join forces
A seminar to improve governance and ensure safe spending of the EU Structural and Investment (ESI) Funds will take place today at the hotel Howard Johnson in Bucharest, Romania. The European Commission is hosting the event together with the Romanian authorities and leading campaign group Transparency International. The seminar will showcase tools and instruments to support management of the funds and discuss concrete measures on how to build administrative capacity and train national officials for a successful delivery of the Funds. Participants will also focus on measures to prevent fraud and corruption which deprives citizens of the real benefits of EU investments.
Romania has much to gain from the European and Structural Investment Funds. In the current period 2014-2020, EU Cohesion Policy will invest more than € 23 billion in Romanian regions. This represents around 60% of the country's public investment. The new financial period puts more emphasis on an improved governance and capacity in the management of the Funds to achieve the greatest possible impact. Under the new rules, for the first time, there is an explicit requirement for national authorities to put in place proportionate fraud prevention measures identifying and tackling potential risk areas. According to the latest Eurobarometer and Transparency International surveys, 93% of the Romanian population think corruption is widespread in their country.