The evolution of European funds in the rural development of Romania

Abstract

European funds ensure the increase in the standard of living for those who live in rural areas by developing not only the rural economy, but also the entire rural area. Through this article, the authors highlighted the evolution over time of the European funds allocated in the rural development of Romania, with an emphasis on the development regions and the stages of creation of the European funds. The evolution of the European funds over time allowed the conclusion that the problem of the inability to manage the investments from the European funds allocated to the rural development of Romania persists. In the opinion of the authors, it is necessary to continue the identification of solutions, tools and models for monitoring and evaluating the impact of European funds on rural development, as well as the level of absorption of European funds by Romanian rural areas. Romania’s rural development can only be ensured by increasing the impact of European funds.