FINANCIAL INSTRUMENTS USED BY EUROPEAN UNION IN ORDER TO REDUCE DEVELOPMENT IMBALANCES BETWEEN ROMANIA AND OTHER MEMBER STATES
FINANCIAL INSTRUMENTS USED BY EUROPEAN UNION IN ORDER TO REDUCE DEVELOPMENT IMBALANCES BETWEEN ROMANIA AND OTHER MEMBER STATES

Summary/Abstract: In this study, based on current economic issues and financial, as the national economy and the European ones, have been analyzed and detailed modern financial instruments for non-reimbursable EU funds and national and sectoral operational programs that contribute to access investment grants. According to tests carried out, the main financial instruments used to reduce disparities and strengthening economic and social structural funds and Cohesion Fund. However, currently, to support projects in priority sectors (education, research, community development, etc.), the European Union has created and other financial instruments, but on a smaller scale. Based on decisions of the European Union, each Member State establishes strategic objectives for development in cooperation with local business and social fields, developing a national plan for development

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