EU disburses first tranche of EUR 14 bln grants promised to Romania under Resilience Facility

The European Commission (EC) announced on Thursday, December 2, that it made the first disbursement to Romania under the National Recovery and Resilience Plan (PNRR) - namely EUR 1.8 bln pre-financing, standing for 13% of the EUR 14.2 bln worth of grants provided under the Recovery and Resilience Facility.

"Now the keyword is: implementation. We are ready to support you," Ursula von der Leyen wrote in a tweet.

Good news for Romania with the 1st disbursement of #NextGenerationEU funds. Together we will secure the green and digital transition, modernise the health system and strengthen public administration in 🇷🇴 Now the keyword is: implementation. We are ready to support you. pic.twitter.com/fogUBnsgdG — Ursula von der Leyen (@vonderleyen) December 2, 2021

The money was transferred to the accounts of the National Bank of Romania (BNR).

The first tranche of the EUR 14.9 bln section of the Resilience facility will follow soon, finance minister Adrian Caciu stated.

Romania expects EUR 3.8 bln pre-financing disbursements this year and EUR 6.17 bln disbursements in 2022, conditioned on milestones and targets.

Drafting regulations needed for spending the money received from the European Union under the Resilience Facility is among the ministry's top priorities, besides drafting the budget planning for 2022, minister Caciu stated.

"I will work together with colleagues from the Ministry of Investment and European Projects to draw up an emergency ordinance to establish the financial circuits necessary for the use of these funds. We need to put this money to work quickly for the benefit of communities across the country," Caciu also stated, according to Hotnews.ro.

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