Regional development of Romania - premise for better financing of projects

Authors

  • I.T. Stanese "Lucian Blaga" University of Sibiu, Romania
  • M. Caraus "Lucian Blaga" University of Sibiu, Romania
  • M.A. Ungureanu "Lucian Blaga" University of Sibiu, Romania

Keywords:

regional development, European funds, project financing, reform, financial decentralization

Abstract

The article approaches important aspects regarding the regional development process in Romania in direct correlation with the European Union's views and directives in this field. This paper argues that regionalization implies a new reorganization of Romania in view of balanced development and to increase the absorption of European Funds, which consequently engages regional development, the development of local communities, and the decentralization of public administration. Furthermore, in this paper, we present the consistency issue concerning the request for territorial-administrative development in Romania, as it originates from the strategic documents, namely the "National Plan of Governance 2017-2020" and the "Action Plan for the Implementation of the Strategy for Strengthening the Public Administration 2014-2020", and we highlight a number of shortcomings of this process.

Author Biographies

I.T. Stanese, "Lucian Blaga" University of Sibiu, Romania

Ph.D. student

M. Caraus, "Lucian Blaga" University of Sibiu, Romania

Ph.D. student

M.A. Ungureanu, "Lucian Blaga" University of Sibiu, Romania

Ph.D. coordinator

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Published

2018-01-10

Issue

Section

FINANCE AND ACCOUNTANCY