<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>When a Romanian entrepreneur is looking for European funds to finance his business, it is essential for him to understand the terms of the loan and the details about the financier, just like in any other loan agreement. The aim of this article is to present the challenges of projects implemented with funding from European Union funds. The research methodology involved a literature review followed by an analysis that examines different categories of public structures, including deconcentrated or decentralized units of central public administration, local public administration units, autonomous kings, state commercial companies or local authorities, units of state education and research, hospitals, and intercommunity development associations. The findings of the research highlighted the specific types of organizations that received financial support from EU-funded programs. Thus, the funds allocated to Romania by the European Union, considered from the point of view of the investment strategy and their non-refundable nature, constituted a substantial asset for the development of the Romanian economy and society in the short, medium and long term. In addition, these funds represented an element of budgetary sustainability. The results of the projects that were financed from European funds are numerous. Each of these is an illustration of a successful effort that has the potential to give rise to additional initiatives of equal significance in the context of the new opportunities that the European Union will fund.</p>
</abstract>

When a Romanian entrepreneur is looking for European funds to finance his business, it is essential for him to understand the terms of the loan and the details about the financier, just like in any other loan agreement. The aim of this article is to present the challenges of projects implemented with funding from European Union funds. The research methodology involved a literature review followed by an analysis that examines different categories of public structures, including deconcentrated or decentralized units of central public administration, local public administration units, autonomous kings, state commercial companies or local authorities, units of state education and research, hospitals, and intercommunity development associations. The findings of the research highlighted the specific types of organizations that received financial support from EU-funded programs. Thus, the funds allocated to Romania by the European Union, considered from the point of view of the investment strategy and their non-refundable nature, constituted a substantial asset for the development of the Romanian economy and society in the short, medium and long term. In addition, these funds represented an element of budgetary sustainability. The results of the projects that were financed from European funds are numerous. Each of these is an illustration of a successful effort that has the potential to give rise to additional initiatives of equal significance in the context of the new opportunities that the European Union will fund.

The Challenges of Projects Implemented with Financing from European Union Funds

Proceedings of the International Conference on Business Excellence

This work is licensed under the Creative Commons Attribution 4.0 International License.

{"article-title":"The Challenges of Projects Implemented with Financing from European Union Funds"}

When a Romanian entrepreneur is looking for European funds to finance his business, it is essential for him to understand the terms of the loan and the details...

The Challenges of Projects Implemented with Financing from European Union Funds

Publié en ligne: 03 juil. 2024

Pages: 846 - 855

DOI: https://doi.org/10.2478/picbe-2024-0074

Mots clés
European Union, European funds, finance, priority funding axes

© 2024 Oana Camelia Iacob Pargaru et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

The Challenges of Projects Implemented with Financing from European Union Funds

Publié en ligne: 03 juil. 2024

Pages: 846 - 855

DOI: https://doi.org/10.2478/picbe-2024-0074

Mots clésEuropean Union, European funds, finance, priority funding axes

© 2024 Oana Camelia Iacob Pargaru et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Mots clés
European Union, European funds, finance, priority funding axes