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FACTUAL EFFECTIVENESS OF INVESTMENTS CO-FINANCED WITH EU FUNDS – CASE STUDY
Abstract
Objective: The aim of this article is to analyze the factual effectiveness of investments realized with EU funds. The case study of a project implemented in the years 2004 - 2014 in Lower Silesia is analyzed. Methodology: The article analyzes the effectiveness principles included in the feasibility study of a given project, and conducts in-depth studies on actual performance, implying a macroeconomic situation. Using the comparative analysis it has identified deviations, their magnitude and source of origin. Results: Studies have shown that the applied efficiency indicators required by EU projects are not adapted to reality. In addition, the absence or very limited monitoring of the investment foreseen after the settlement and payment of the appropriations adds that the errors in evaluating new projects are duplicated. Originality/Value: The results obtained can be considered as a source of inspiration for introducing changes to the requirements of the feasibility study of new projects and as a confirmation of the need for further research that will help in adapting the efficiency requirements to the true nature of the investment.
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