Romania could lose the bulk of the money allocated for it by the EU unless the fund management authorities and the banks decentralise the system in order to speed up the absorption process. This was the conclusion of the conference titled "How to get money from the EU? Learn from companies that have received European funding" organised by ZF yesterday in Iasi in partnership with Banca Transilvania, EximBank, CEC Bank and law firm Bostina&Asociatii. This is the latest in a series of conferences on EU funds organised by ZF in Bucharest, Cluj, and Iasi.

"We have to find solutions to get the money moving if we want the absorption degree to rise. If we continue to move at this pace, I don't know if we will be able to attract 50% of the amount allocated to Romania by the European Union, because we don't want to decentralise the system. (...) Everything is overcentralised: from banks through to the fund management authorities. We will stand to gain if we bring the money as close to the beneficiary as possible," says Constantin Apostol, general manager of the North-East Regional Development Agency (ADR Nord-Est), which manages around 700 million euros in European funds, allocated for local authorities and micro-enterprises via the regional programme.

Romania could lose the bulk of the money allocated for it by the EU unless the fund management authorities and the banks decentralise the system in order to speed up the absorption process. This was the conclusion of the conference titled "How to get money from the EU? Learn from companies that have received European funding" organised by ZF yesterday in Iasi in partnership with Banca Transilvania, EximBank, CEC Bank and law firm Bostina&Asociatii. This is the latest in a series of conferences on EU funds organised by ZF in Bucharest, Cluj, and Iasi.

"We have to find solutions to get the money moving if we wa