The European Commission has approved Romania's Recovery and Resilience Plan
Articol de Sergiu Şteţ, 28 Septembrie 2021, 02:50
The European Commission approved on Monday, September 27, the positive evaluation of Romania's Recovery and Resilience Plan, which will thus be able to receive from the EU, grants worth 14.2 billion euros and loans worth 14.9 billion of euros, within the Recovery and Resilience Mechanism, announced the EC Representation in Bucharest.
Agerpres transmitted that this financing will support the implementation of the essential measures in terms of investments and reforms, included in the National Recovery and Resilience Plan, and will crucially contribute to Romania's stronger exit from the COVID-19 pandemic.
"The Commission assessed Romania's plan on the basis of the criteria set out in the MRR Regulation, examining, in particular, whether the investments and reforms contained in the plan support the green and digital transition, contribute to effectively address the challenges identified in the European Semester and strengthen growth potential, job creation and Romania's economic and social resilience", the quoted source states.
In principle, the Council has four weeks to adopt the Commission's proposal.
The approval of the plan by the Council would allow the payment of 3.6 billion euros, in the form of pre-financing, namely 13% of the total amount allocated to Romania.
The European Commission will authorize the following payments based on the satisfactory fulfillment of the milestones and targets presented in the Recovery and Resilience Plan, reflecting the progress made in implementing investments and reforms, the EC Representation in Bucharest also mentioned.
Translated by: Radu Matei
