EC worries of low SAPARD fund absorption.

From: Bucharest Daily News (Bucharest, Romania) | Date: March 20, 2006 | Copyright information

Byline: Mihai Istrate

Mar. 20--The European Commission (EC) is concerned about the poor fund absorption rate as the allocations to Romania would greatly increase after the accession to the European Union, said the head of the SAPARD unit of the EC Agriculture Department Kaj Mortensen on Friday. "The payment absorption rate must increase because Romania will dispose of sums five or six time as big as those it currently receives," Mortensen said.

He explained t...

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