FINANCING OPPORTUNITIES THROUGH STRUCTURAL AND COHESION FUNDS

The cohesion policy remains a main pylon of the EU, and after Romania's adheration it will have to adapt its regulations in regards to the EU cohesion legislation, but will also have to develop its own concept regarding the national cohesion regulations. Even if the cohesion regulations are made up through regional development it remains for now the main instrument in the EU policy. The regional development policy includes an assembly of planned measures and regulations promoted by the local and central authority, in partnership with different economic agents, in order to create dynamic and sustainable economic and social growth through effective use of the local and regional potential. The specific objectives of the regional development policy include: reducing unemployment, a growth in the level of living; attracting foreign investments, an improvement in the infrastructure, a leveling of changes and social conditions between the rural and the urban environment. Because of the economic problems, in the first few years after the integration, the cohesion can be mainly achieved in Romania through Structural Funds (FS) and that of The Cohesion Fund (FC).