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Approaching deadlines, Romania faces potential loss of 27% funding for Resilience Facility

Strict conditions set by the European Commission for investments under the National Recovery and Resilience Plan (PNRR) could potentially result in a loss of approximately EUR 7.8 billion (27%) out of a total funding of EUR 28.5 billion, as indicated by the former minister of investments.

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Romania faces a potential loss of 27% of its Resilience Facility funding with only a year remaining...
Romania faces a potential loss of 27% of its Resilience Facility funding with only a year remaining until the deadline approaches.

Approaching deadlines, Romania faces potential loss of 27% funding for Resilience Facility

The National Recovery and Resilience Plan (PNRR) for investments in Romania, funded by the European Commission, has firm and rigorous conditions, as stated by the European Commission. This plan, worth a total of €28.5 billion, is a significant investment in the country's future, aimed at improving infrastructure and resilience in Europe.

Marcel Boloş, a former minister of investments and European projects in Romania, has announced that there is an estimated risk of losing €7.8 billion (27%) under the PNRR. This announcement was made in a report titled "How Romania stands one year before the deadline," which he shared on his Facebook page.

The PNRR investments are subject to rigorous conditions as imposed by the European Commission. The Commission designates institutions for financial investments under the PNRR based on national implementation plans submitted by Member States, which specify projects such as infrastructure upgrades. The conditions include alignment with EU objectives, a minimum plan duration of 15 years, and regular updates every 5 years.

The deadline for the PNRR is one year away, according to the report. It is crucial for Romania to ensure the successful implementation of the PNRR to avoid the potential loss of €7.8 billion.

Access to the full report, titled "How Romania stands one year before the deadline," requires membership or signing in to Romania Insider. It is essential for those interested in understanding the current state of Romania's recovery and resilience plan to become members or sign in to access the article.

In conclusion, the National Recovery and Resilience Plan (PNRR) is a significant investment in Romania's future, but it comes with firm and rigorous conditions. The deadline for the plan is one year away, and it is crucial for Romania to ensure its successful implementation to avoid potential losses.

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