Search

The economic crisis has a negative impact on public finances and projects that require long-term investment so the main consequence is that the access to finance for the implementation of PPPs and not only to this kind of investment projects has been limited due to the following factors: increasing the cost of credit, reducing maturities and lack of funding at the beginning of the procurement process. For this reason, it is essential to exist cooperative ventures between public autorities and private investors that could have a positive impact on the economy by contributing to economic growth and job creation through delivering infrastructure projects, providing public services and financing innovation. Exploiting the efficiency and innovative potential of a competitve private sector will definitely ensure better value for money for the infrastructure projects implemented, that often involve important financial resources, expertise and skills in the public sector, complex financial arrangements and a longterm commitment from the authorities.

In times of crisis, renewable energy sources have become more attractive for investors. It is considered that investment in renewable energy will provide medium and long term practical solutions for multiple economic crises, will improve the life quality, will eradicate poverty population, sustain the environment development and rebalance the economic situation for the states. Energy crises at states levels and their extension in time lead to a shift regarding the investors concern in fields that are updated to the current market needs. This paper will explore renewable energy sources reported to the global and local results. This study will identify potential investments in this sector in Romania taking into account the positive results and their effects on current and future energy market. In this way it shall be explained if Romania is an attractive area for investments in renewable energy and if the results of these investments are a solution or a risk for the Romanian economy.

In this paper, we want to present the great importance of the European Social Fund on the EU labour market, which is the main financial instrument of European Union structural actions. The European Social Fund has certain fixed objectives established rigorous enough to tackle the challenges of the Member States of the European Union. These objectives will be revealed in detail in this paper, where we try to evince their incidence on the employment growth rate also.

The overall impact of the European funds and resolution of the absorption problems depend on the national approach to the structure of allocation of the funds. As we know, the establishment of European Union marked at the beginning of new area; the EU Member States currently enjoy many benefits in this respect: a free market, effective trading, enhanced security, economic cohesion, sustainable development, the protection of human rights, the creation of jobs etc. With all these positive aspects, the reality of global recession demonstrates, among other things, that there is much to recover and that the imbalances between the Member States is widening further. The present paper analyses the evolution of the state budget with respect to the co-financing provisions in order to understand the dimension of the public intervention regarding the European funds in Romania.