Council of the European Union approved the National Recovery and Resilience Plans (PNRR) for Romania and two other countries. It is the last step to start the procedure for access to the first tranche of funding worth € 3.8 billion. The total value of Romania’s PNRR is of 29.2 billion euros.
“I am pleased to announce good news for three more Member States. We have just confirmed the positive evaluations of the recovery and resilience plans of Estonia, Finland and Romania “, announced on Thursday Andrej Šircelj, the Minister of Finance of Slovenia, a country that holds the rotating presidency of the European Union.
“Soon, these countries will be able to receive their pre-financing payment from the Recovery and Resilience Mechanism. The reforms and investments presented in their plans strongly support the EU’s Green Agenda and Digital Agenda,” he added.
One month ago, the European Commission approved Romania’s PNRR, and the next step, according to the regulation, was for the Commission’s representatives to send the approved plan to the European Parliament and the EU Council for analysis and receive the EU Council’s decision, according to Hotnews.ro.
With the formal approval of the plans of Estonia, Finland and Romania, the national recovery plans of 22 Member States will have been adopted. 17 Member States received the requested pre-financing. The total amount paid so far is of around EUR 52.4 billion.
Prime Minister Florin Cîţu attended, on Thursday, in an online format, the meeting of the ECOFIN Council, during which the National Plan for Recovery and Resilience of Romania was approved.
“Everything that was related to the European Commission has been done, it is now on our shoulders. The implementation of PNRR is coming and we should have the first money from PNRR in December “, said Florin Cîţu, at the end of the meeting.
In the text of the Regulation on the Recovery and Resilience Mechanism, a pre-financing of 13% of the total amount allocated to each Member State was negotiated. Thus, Romania could access the first money in November – 3.8 billion euro, he estimates.