Statistical analysis and the efficiency of Romania's participation in European projects

Absorption of structural funds is an opportunity to support economic growth and reduce the development gap, which, in the context of the global recession, becomes a new challenge for Romania. The absorption capacity represents the degree to which a country is capable of effectively and efficiently spend financial resources allocated from European funds. European funds absorption efficiency analysis would imply analysis of the institutional system designed to manage funds, the beneficiaries to whom these funds are addressed. Thus we can consider that there are two distinct features namely the absorption capacity from the supply side (funding) and absorption capacity from the applicant. This paper proposes an original analysis of statistics and efficiency of Romania's involvement through FP 7 projects.