TY - JOUR T1 - Absorption of European Funds in Romania During 2007-2013 JO - International Conference on Marketing and Business Development Journal VL - I IS - 1 SP - 359 EP - 365 PY - 2015/7/21/ T2 - AU - Popescu, Vasile Ionel AU - Popescu, Constantin Liviu SN - 2344-5130 DO - UR - http://www.mbd.ase.ro/RePEc/aes/icmbdj/2015/ICMBDJ_V1_2015_144.pdf KW - Absorption KW - European Union KW - cohesion KW - convergence KW - competitiveness AB - This paper aims to highlight the direct link between absorption of structural funds for the period 2007-20013, and the strategic objectives of Economic and Social Cohesion Policy. Structural and Cohesion Funds related to Romania have been and will be the main financial instrument of the European Union for creating jobs and generating growth, tackling climate change and energy dependence, reducing poverty and social exclusion. Throughout this article we highlight the evolution of the Structural and Cohesion Funds absorption and the degree of reduction of economic and social disparities. Finally we will conclude on the importance of absorption of Structural Funds in the context of globalization and economic competitiveness of the EU single market. ER -