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The European Commission has received Romania’s first payment request of around €2.6…

The European Commission has received Romania’s first payment request of around €2.6 billion from the NRRP

The European Commission has received Romania’s first application under the NRRP for the payment of €1.8 billion in grants and €789.7 million in loans (without pre-financing), according to a statement from the EU executive.

Romania’s Recovery and Resilience Plan amounts to €14.2 billion in grants and €14.9 billion in loans. The disbursements under the Recovery and Resilience Facility (RRF) are performance-based and conditional on Romania’s implementation of the investments and reforms described in the NRRP.

This first payment request is conditional on the fulfillment of 21 milestones covering several reforms and investments in the areas of energy efficiency, sustainable mobility, digital transformation, water management, health care, taxation and pensions, education, justice and anti-corruption, private sector support and the audit and control system linked to the Recovery and Resilience Mechanism. The Commission has two months to complete its assessment.

Subsequently, the Commission will forward to the Council’s Economic and Financial Committee (EFC) its preliminary assessment of Romania’s compliance with the milestones and targets that are necessary for this payment to be made. Further information on the procedure for payment requests under the RRF is available in this Q&A document.

 

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