On Tuesday, Romania received another 2.25 billion euros, representing the fourth payment under the National Recovery and Resilience Plan (NRRP), the central element of NextGenerationEU, the European Commission\u2019s post pandemic program designed to support recovery, economic growth, and the competitiveness of member states. This fourth payment is the only one in which no amounts were suspended. This means that the European Commission considers that the Romanian Government has fulfilled everything required at this stage, namely the reforms and investments.<\/p>\n
With this payment, Romania has drawn more than 60% of the total financial allocation granted through this program, and by the end of September it is expected to submit the final payment request. Tuesday\u2019s payment was made following the favorable opinion of the Economic and Financial Committee of the Council.<\/p>\n
Romania\u2019s Recovery and Resilience Plan is financed with 21.41 billion euros, of which 8.4 billion euros remain to be accessed. Interim Finance Minister Alexandru Nazare stated that the amount received on Tuesday will be converted into lei and transferred to the Treasury account to more easily cover payments due on June 24. \u201cCoordination with the European Commission has been very good, and the transfer of funds also has practical importance for managing public finances,\u201d the minister said. He thanked the European Commission for its support in optimizing the liquidity management needed for this reimbursement.<\/p>\n
\u201cThe request included 38 milestones and 24 targets, all positively assessed at the European level. There were no suspensions, which means the objectives were considered satisfactorily met,\u201d Alexandru Nazare noted. He emphasized that all reforms and investments under the NRRP must be completed this year. \u201cEuropean funds are not just numbers in a report. They represent a chance to accelerate Romania\u2019s development through investments that have a visible impact on the economy,\u201d the Finance Minister added.<\/p>\n
In turn, the interim Minister of Investments and European Projects, Drago\u0219 P\u00eeslaru, stated that important investments in health, education, and energy have been secured. He mentioned that all seven hospitals included in the National Recovery and Resilience Plan will be completed, and in the field of education the full financial allocation has been preserved, including for campuses and school equipment. In the areas of energy, digitization, and REPowerEU, all allocated amounts are finalized at a rate of over 97%. \u201cAll these achievements are significant, and with continued strong mobilization, we can complete them,\u201d said interim minister Drago\u0219 P\u00eeslaru. (EE)<\/p>\n","protected":false},"excerpt":{"rendered":"
On Tuesday, Romania received another 2.25 billion euros, representing the fourth payment under the National Recovery and Resilience Plan (NRRP), the central element of NextGenerationEU, the European Commission\u2019s post pandemic program designed to support recovery, economic growth, and the competitiveness of member states. This fourth payment is the only one in which no amounts were […]<\/p>\n","protected":false},"author":46,"featured_media":937668,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[37738],"tags":[158144,32234,36102,19347],"coauthors":[115852],"class_list":["post-1032614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-today-in-the-news","tag-eu-2","tag-funds","tag-nrrp","tag-romania"],"acf":[],"yoast_head":"\n