EU FUNDS FOR THE ROMANIAN AGRICULTURE DURING 2007-2013. STUDY CASE MEASURE 121- STATISTICAL DATA AND PRACTICAL IMPLICATIONSJournal: Scientific Papers Series ?Management, Economic Engineering and Rural Development” (Vol.15, No. 2)
Publication Date: 2014-07-01
Authors : Aurelia Ioana BRÎNARU; Ion DONA;
Page : 37-44
Keywords : absorption rate; cancelled contracts; European Agricultural funds; payments;
The current paper envisages to present a section of the European funds in agriculture dedicated to Romania after 2007 (the EU accession) and its formal integration into the CAP system ? with a particular accent on the Measure 121 and its impact at the end of 2014. Based upon raw data provided following an official request, it shows the main indicators of the system. It is also an analysis of the efficiency of EU funds utilization in the system. The paper focuses on the result received from the authorities with responsibilities in the area, thus bringing into the academic debate the first comprehensive data set for the time being that have become available to researcher. Following the analysis done we realise that Measure 121 had a major interest on behalf of the potential beneficiaries, as proven by the value of financing requests submitted in the analysed period that have surpassed 330% of the total allocated value. Another conclusion that surges is the great number of cancelled contracts in the last six months of the analysed period which represent 29,82% of the total of cancelled projects, a high percentage if we take into consideration that we are at the end of the implementation period of financed investments. Basing on this analyze, our study tries to draw some useful conclusion for the next financing period.
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