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Finance Ministry explains financing programs failure

Miercuri, 28 martie 2007, 0:00

Responding to an article published on Tuesday by, the Public Finance Ministry organized a press conference, in order to explain the situation of programs supposed to receive funding from the European Commission.
Two operational programs (not three, as first believed) were "suspended" during negotiations by the EC, not rejected. Both programs were sent back to their initiators in Bucharest, for a general make-over.

Anasstasios Bugas, manager of the Romania Unit within DG Regio (European Commission's body) says the suspension procedure is a natural one and any of the seven programs negotiated by Romania may find itself at one point temporarily suspended.

"Suspensions may last two day, a week or longer, but this doesn't mean we have strong objections against the programs' content. The suspension time adds to the four months required by the Commission before approval", says Anasstasios Bugas.

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