NextGenerationEU: Commission disburses first payment of €2.6 billion to Romania under the Recovery and Resilience Facility

Daily News 27 / 10 / 2022


Economia - pubblicata il 31 Ottobre 2022


Source: European Commission Spokesperson’s Service

Today’s payment of €2.6 billion (€1.8 billion in grants and €0.8 billion in loans, net of pre-financing) was made possible by Romania’s fulfillment of the 14 milestones linked to the first
instalment. They cover several reforms contributing to the digital transition, as well as in the areas of sustainable mobility, decarbonisation, audit and control, education and health, and
preliminary steps in tax and pension reforms. Measures to support businesses and to ensure the country’s good governance are also included. As for all Member States, payments under the
Recovery and Resilience Facility
(RRF), the key instrument at the heart of NextGenerationEU, are performance-based and contingent on Romania implementing the investments and reforms outlined in
its Recovery and Resilience Plan. On 31 May 2022, Romania submitted to the Commission a payment request based on the achievement of the 14 milestones set out in the
Council Implementing Decision
for the first instalment. On 15 September 2022, the Commission endorsed a positive preliminary assessment of Romania’s payment request. The favorable opinion of
the Economic and Financial Committee on the payment request paved the way for the Commission to adopt a final decision on the disbursement of the funds. The overall Recovery and Resilience Plan of
Romania will be financed by €12.1 billion in grants and €14.9 billion in loans. The amounts of payments made to Member States are published on the
Recovery and Resilience Scoreboard
, which shows the progress made in implementing the RRF as a whole and individual recovery and resilience plans. More information on the RRF payment request
process is available in this
Q&A
document. More information on the Romanian Recovery and Resilience Plan can be found
here
.

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