The European Commission (EC) said on Friday that Romania submitted on Friday a request to modify its Recovery and Resilience Facility (RRF) so as to add a new chapter, according to See News.
The request is based on the need to take into account high inflation in 2022, supply chain disruptions and the downward revision of its maximum RRF grant allocation from 14.2 billion euro to 12.1 billion euro, the EC said in a press release.
The new chapter would include two new reforms and six new investments related to boosting green energy production, improving the energy efficiency of buildings and strengthening the skills of the green energy production workforce. The amendment proposed by Romania foresees the removal of four investments from the initial plan and the modification of some 70 measures.
Romania also requested that its share of the Brexit adjustment reserve, amounting to 43.2 million euro, be transfered to the RRF.
Earlier this week, Romania’s finance minister said that the European Union’s Economic and Financial Committee (EFC) has approved Romania’s second request for the disbursement of grants and loans under the RRF, which are expected to arrive in the country by end-September.