Polish consultancy firm Accreo, which specializes in obtaining European funds, state aid and in business consultancy, is working on EUR 50 million of projects through its recently – opened Romanian subsidiary, the company has announced. In Poland, the company has intermediated projects worth EUR 1.4 billion and has negotiated state aid worth EUR 370 million during its four-year activity so far.

“Romania should follow Poland's example in accelerating the absorption rate for European funds and establish clear rules for companies that apply for financing. We have had the same inertia in absorbing European funds, which was doubled by the investors' skepticism, but we have managed to change all these and obtain more than 55 percent of the funds dedicated to our country for our clients,” said Michal Gwizda, partner with Accreo Poland.

“By the end of the year, Romania should have EUR 400 million in structural funds available [..], Gwizda went on.

The company is targeting several areas where it hopes to see a rapid development through the use of European funds, such as renewable energy, innovation and the expansion of production capacities, as well as greenfield investments, according to Laurentiu Dinu, general manager with Accreo Romania.

Corina Saceanu (corina@romania-insider.com)