Financing and opportunities from EU for the Romanian companies

Author:Victor GRIGORE, KPMG

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Keywords:structural instruments, competitive environment, consultant, independent auditor, assessment, recommendations

Abstract:
One of the major changes acting from January 1st 2007 is that Romania will benefit of a significant increase in EU financing available because the European Commission try to bring the development level of a country closer to the European average level. Romania will have the opportunity to absorb up to 30 billion euro from post accession funds before 2013, this representing a historical opportunity for the country to modernize its infrastructure and to help its economy to become more competitive. \r\n\r\nAn independent auditor is needed in all the projects above a certain level, this representing a market „niche” very important for professionals. The auditor’s report is part of the documents that should be submitted together with the applications form.\r\n

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