The European Commission on Thursday disbursed €1.8bln to Romania in pre-financing, equivalent to 13% of the country’s grant allocation under the Recovery and Resilience Facility (RRF), according to a press release.
The pre-financing payment will help to kick-start the implementation of the investment and reform measures outlined in Romania’s Recovery and Resilience Plan.
Romania is set to receive €29.2bln in total, consisting of €14.2 bln in grants and €14.9bln in loans. The Romanian plan is part of the unprecedented EU response to emerge stronger from the COVID-19 crisis, fostering the green and digital transitions and strengthening resilience and cohesion in our societies.
“I am delighted to see Romania receive its first disbursement of €1.8 billion under NextGenerationEU. This is an important step in implementing the measures contained in Romania’s €29.2 billion Recovery and Resilience Plan,” said EC President, Ursula von der Leyen.
„I welcome reforms and investments facilitating the twin green and digital transitions. European funds will help modernise the health system and strengthen public administration in Romania. We will stand with Romania every step of the way to ensure that its people fully benefit from the plan,” added von der Leyen.
The RRF in Romania finances investments and reforms that are expected to have a deeply transformative effect on Romania’s economy and society.