Romania To Focus On European Funds Absorption- Ctrl Bk

Romanians should understand the term of ‘absorption’ and acknowledge the European Union does not just give money and the funds must be attracted through projects.

"Fund-absorption, in its deep meaning, does not mean funds distribution, throwing money from an airplane or giving money. One does not receive money unless one has an absorption capability," Isarescu also said.

The term of absorption has not been completely understood, and funds-euphoria could create problems, Isarescu added.

Isarescu agrees Romania should keep an economic growth pace to catch up with the EU member-states, but the central bank will always warn on economic gaps.