financing & eu funds retrospective and perspective · 8 2012 committed funds rate – 78 %...
Post on 12-Sep-2019
2 Views
Preview:
TRANSCRIPT
FINANCING & EU FUNDS
Retrospective and perspective
Marius Radu, EU Funds Coordinator
Bucharest, 20th of September 2014
3
2007-2008
Approval of the EU Funds national framework in Romania – Cadrul Strategic
National de Referinta (CSNR)
Certifying the EU Funds institutions in Romania
Approval of the Operational Programmes (9 OPs + Cross-border
Programmes)
Approval of the first Guide of Applicants
Launching the first calls for proposals
2007 – 2013
4
Romania obtained the
approval from EC in
August 2014, counting
the 11th approved
Partnership Agreement.
No Member State Date for sending
the PA to EC Date of approval by EC
1 Denmark 5-May
2 Germany 22-May
3 Poland 23-May
4 Greece 23-May
5 Latvia 20-Jun
6 Lithuania 20-Jun
7 Estonia 20-Jun
8 Cyprus 20-Jun
9 Slovakia 20-Jun
10 Portugal 30-Jul
11 Romania 31-Mar 6-Aug
12 Bulgaria 7-Aug
13 France 8-Aug
14 Nederlands 22-Aug
15 Czech Republic 28-Aug
16 Hungary 29-Aug
17 Finland 17-Feb
18 Malta 1-Apr
19 Slovenia 10-Apr
20 Sweden 17-Apr
21 Austria 17-Apr
22 UK 17-Apr
23 Italy 22-Apr
24 Spain 22-Apr
25 Croatia 22-Apr
26 Ireland 22-Apr
27 Belgium 23-Apr
28 Luxembourg 30-Apr
5
2009
Committed funds rate – 16 %
Absorption rate – 1 %
UNICREDIT TIRIAC BANK
Launching the first EU Funds financing products
Approx. EUR 27 mn loan facilities approved in 6 months
Financed Programmes: PNDR, POSCCE and POR
2007 – 2013
6
2010
Committed funds rate – 42 %
Absorption rate – 3 %
Legislative incentive: HG 606 allows pledging in bank’s favour the assets to
be bought within the project
UNICREDIT TIRIAC BANK
UniCredit Tiriac Bank offers full range of products: letter of guarantee for
advance payment, credit facilities for non-eligible expenses, including VAT
Financing complex projects run by private beneficiaries, also financing public
authorities
Approved facilities / year – doubled, over EUR 55 mn
2007 – 2013
7
2011
Committed funds rate – 65 %
Absorption rate – 6 %
Comfort letter mandatory for project submission
UNICREDIT TIRIAC BANK
Financing extended to all programmes: POP, POSDRU, State Aid
Schemes, including “de minimis”, Cross-border Programmes
Enhancing collaboration with national guaranteeing institutions
EU Funds project financing reaches new peak: over EUR 230 mn
approvals / year
Reaching 20 % market share in private beneficiaries EU Funds financing
2007 – 2013
8
2012
Committed funds rate – 78 %
Absorption rate – 12 %
Ministry of European Affairs, currently Ministry of European Funds
UNICREDIT TIRIAC BANK
Implementing EIF Agreement for First Loss Portfolio Guarantee –
JEREMIE – financed from POSCCE 2007-2013
Enhancing the collaboration with RBA, FIC, Ministries / Managing
Authorities, proposals sent for improving EU Funds absorption
Implementing APIA agreements for financing beneficiaries of agricultural
subsidies (crops / animals)
2007 – 2013
9
2013
Committed funds rate – 93 %
Absorption rate – 27 %
N+3 Rule extended – Romania escapes from loosing significant EU funding
UNICREDIT TIRIAC BANK
Surpassing EUR 600 mn
approved facilities
(cumulated) for
non-reimbursable projects
Signing the EBRD Agreement for RoSeff Programme, facilitating new
investment loans for energy efficiency projects
2007 – 2013
10
16,2%
42,4%
64,9%
77,6%
92,9%
103,0%
97,0%
0,9% 2,5%
5,6%
11,5%
26,5%
59,0%
78,0%
0%
20%
40%
60%
80%
100%
120%
2009 2010 2011 2012 2013 2014 (est.) 2015 (est.)
Rata contractare % Rata absorbtie %
http://www.fonduri-ue.ro/ for 2009-2013 and
UniCredit Tiriac Bank estimation for 2014-2015
COMMITTED FUNDS RATE AND ABSORPTION RATE
– Evolution for Structural Instruments –
11
2014 2015
Committed funds rate - estimation 103 % 97%
Absorption rate - estimation 59 % 78 %
Signing the Partnership Agreement – August 2014
Approval for POs and launching the first calls for proposals
UNICREDIT TIRIAC BANK
JEREMIE – free of charge guarantee offered until 31st of December 2014
Investment loans from EBRD and EIB sources
Facilities based on APIA agricultural subsidies
Implementing EU and National State Aid Schemes approved projects
Monitoring post-implementation for EU Funds projects
17% more funds on Cohesion, 90% more on subsidies, 24% more in total
14
ROMANIA - EU FUNDS
2007 - 2013 bln. € 2014 - 2020 bln. € Variation
(+/- %)
Transportation 4.43 Large Infrastructure 9.41 6%
Environment 4.41
Regional Programme 3.97 Regional Programme 6.70 69%
Human Resources 3.48 Human Resources 4.22 21%
Competitiveness 2.55 Competitiveness 1.33 -48%
Administrative Capacity 0.21 Administrative Capacity 0.55 164%
Technical Assistance 0.17 Technical Assistance 0.21 24%
TOTAL COHESION POLICY 19.21 TOTAL COHESION POLICY
(performance reserve of 7% included) 22.42 17%
Rural Development 8.22 Rural Development
(performance reserve of 6% included) 8.02 -2%
Fishery 0.23 Maritime and Fishery 0.17 -26%
TOTAL ROMANIA (w/o agriculture
subsidies) 27.66
TOTAL ROMANIA (w/o agriculture
subsidies) 30.61 11%
Agriculture subsidies (Pillar I) 5.59 Agriculture subsidies (Pillar I) 10.60 90%
TOTAL GENERAL ROMANIA* 33.25 TOTAL GENERAL ROMANIA*
(performance reserve included) 41.21 24%
* = territorial cooperation programmes not included
15
2014-2020
EU Funds allocated to Romania: over EUR 30 bln + more than EUR 10 bln as
agricultural subsidies from European Agricultural Guarantee Fund (EAGF)
EU Funds allocated to private companies – estimation of only EUR 3 bln (less
than 10 % of the EU Funds allocated to Romania, EAGF subsidies excluded)
Simplification of the institutions architecture (less Managing Authorities)
UNICREDIT TIRIAC BANK
Focus on SMEs – POC, POR, PNDR
Strategic area: R&D, innovation, energy efficiency
Financing agriculture feasible projects, pre-financing the subsidies
National and European expertise in implementing financial instruments
2014 - 2020
16
Products cover all types of expenses, equity needed
2014 – 2020
TOTAL COST
ELIGIBLE EXPENSES NON-ELIGIBLE EXPENSES
NON-REIMBURSABLE CO-FINANCING
Advance
payment
Post-implementation
payment
Letter of
guarantee
Bridge loan/
Direct payment
OTHERS VAT
Investment loan VAT Line Equity
CONTACT and USEFUL LINKS
http://www.unicredit-tiriac.ro/fonduri-europene/
http://www.unicredit-tiriac.ro/fonduri-europene/garantia-jeremie
http://unicredit-tiriac.ro/imm/credite/credite-din-surse-berd
http://unicredit-tiriac.ro//imm/credite/credite-apia
fondurieuropene@unicredit.ro
17
top related