Romania receives EUR 1.3 bln PNRR payment from European Commission, EUR 869 mln suspended

Romania’s Investment and European Projects Ministry reported in a recent press release that it had received the EUR 1.3 billion payment from the European Commission for the targets and milestones reached in the National Recovery and Resilience Plan, or PNRR. Nevertheless, it is not the full amount included in the third payment, as EUR 869 million are temporarily suspended until all milestones are fulfilled.

The payment is the third received by Romania as per the EU-backed Plan. Of the mentioned amount, EUR 622 million pertains to the grant component, and EUR 657 million to the loan component.