Romania includes EUR 41 bln investments in its Relaunch and Resilience Plan

Romania’s Government discussed in the first reading and published for debate the National Recovery and Resilience Plan (PNRR), which includes investments worth EUR 41.4 billion to be financed under the European Union’s Recovery and Resilience Facility, according to Romania-Insider.com.

The funds account for 141% of the EUR 30 bln allocated to Romania (soft loans and grants) under the Facility to use the whole budget after the projects that fail to qualify are eliminated during the negotiation process.

The program was criticized for what it does not include (more details) and not fleeting the European Union’s guidelines (insufficient money directed to green projects and digitization).

The small and medium-sized enterprises’ association (CNIPMMR) also noted a significant decline in the funds dedicated to SMEs.

Read more HERE

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