The Challenges of Projects Implemented with Financing from European Union Funds-Reference-Cited by-同舟云学术

The Challenges of Projects Implemented with Financing from European Union Funds

Published:2024-06-01 Issue:1 Volume:18 Page:846-855
ISSN:2558-9652
Container-title:Proceedings of the International Conference on Business Excellence
language:en
Short-container-title:

Author:

Iacob Pargaru Oana Camelia¹,Spiridon Carmen Elena²,Buzoianu Ovidiu Andrei Cristian³,Uta Nicolae Gabriel²

Affiliation:

1. University POLITEHNICA of Bucharest , Romania

2. Valahia University , Targoviste , Romania

3. Bucharest University of Economic Studies , Bucharest , Romania

Abstract

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.

Publisher

Walter de Gruyter GmbH

Link

https://www.sciendo.com/pdf/10.2478/picbe-2024-0074

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