EU Recovery Facility: The six bills that could cost Romania EUR 4.5 bln

Romania risks delaying or losing more than EUR 4.5 billion (over 1% of GDP) in grants under the EU Recovery and Resilience Facility (PNRR) unless Parliament adopts six key reform bills by the end of August, with the ongoing political crisis threatening the fragile cross-party support required to pass the legislation, according to a report by Digi24. Losing the money could drag the country’s economic growth into the negative area – where it would have been for the past couple of years in the absence of EU assistance.

The six legislative milestones are linked to the country's next payment request under the PNRR and are expected to be debated during an extraordinary parliamentary session later this month.