Romania prepares for record absorption and spending of Resilience Facility money this year

Minister of investments and European projects Dragos Pislaru, in a government meeting on the National Recovery and Resilience Plan (PNRR) implementation on February 23, required each ministry to send, by the end of the week, updated information on the progress made and a calendar of the activities envisaged, in order to have the most up-to-date status of the implementation.

Romania must absorb EUR 10.65 billion under the Resilience Facility this year (EUR 7.12 billion in grants and EUR 3.53 billion in loans) under three requests (out of which only one was submitted, in December), which, besides the cohesion funds (some EUR 5 billion), are expected to have a significant contribution to the fiscal consolidation and economic growth.