Recovery and Resilience Facility: Romania submits official recovery and resilience plan

(Source: European Commission)

The Commission has today received an official recovery and resilience plan from Romania. This plan sets out the reforms and public investment projects that Romania plans to implement with the support of the Recovery and Resilience Facility (RRF).

The RRF is the key instrument at the heart of NextGenerationEU, the EU’s plan for emerging stronger from the COVID-19 pandemic. It will provide up to €672.5 billion to support investments and reforms (in 2018 prices). This breaks down into grants worth a total of €312.5 billion and €360 billion in loans. The RRF will play a crucial role in helping Europe emerge stronger from the crisis and securing the green and digital transitions.

The presentation of Romania’s plan follows intensive dialogue between the Commission and the Romanian authorities over the past number of months.

Romania’s recovery and resilience plan

Romania has requested €14.3 billion in grants and €15 billion in loans under the RRF.

The Romanian plan is structured around six pillars: the green transition, digital transformation, smart growth, social and territorial cohesion, health and resilience, and policies for the next generation. The plan includes measures on sustainable transport, education, healthcare, building renovation and the digitalisation of public administration. Projects in the plan cover the entire lifetime of the RRF until 2026. The plan proposes projects in all seven European flagship areas. Projects in the plan cover the entire lifetime of the RRF until 2026.

Next steps

The Commission will now assess Romania’s plan based on the eleven criteria set out in the Regulation and translate their contents into legally binding acts. This assessment will notably include a review of whether the plans contribute to effectively addressing all or a significant subset of challenges identified in the relevant country-specific recommendations issued in the context of the European Semester. The Commission will also assess whether the plan dedicates at least 37% of expenditure to investments and reforms that support climate objectives, and 20% to the digital transition.

The Council will have, as a rule, four weeks to adopt the Commission proposal for a Council Implementing Decision.

The Commission has now received 22 recovery and resilience plans from Belgium, Denmark, Germany, Greece, Spain, France, Croatia, Italy, Ireland, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, and Sweden. It will continue to engage intensively with the remaining Member States to help them deliver high quality plans.

For More Information

Recovery and Resilience Facility: Questions and Answers

Factsheet on the Recovery and Resilience Facility

Recovery and Resilience Facility: Grants allocation

Recovery and Resilience Facility Regulation

Recovery and Resilience Facility website

RECOVER team website

DG ECFIN website

%d bloggers like this: