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Romania will not lose non-reimbursable European funds. Dragoș Pîslaru: 'We keep a PNRR worth over 20 billion euros'

Romania will not lose non-reimbursable European funds. Dragoș Pîslaru: 'We keep a PNRR worth over 20 billion euros'

From Adevărul · () Romanian

Translated from Romanian, summarized and contextualized by DistantNews.

At a glance

News Official statement Approved/passed
  • Romania will not lose non-reimbursable European funds, according to interim Minister of Investments and European Projects, Dragoș Pîslaru.
  • Negotiations with the European Commission on the latest amendment to the National Recovery and Resilience Plan (PNRR) have concluded positively.
  • Romania will retain a financing program worth over 20 billion euros, including the full non-reimbursable component.

Romania has successfully concluded technical negotiations with the European Commission regarding the final amendment to its National Recovery and Resilience Plan (PNRR). Interim Minister of Investments and European Projects, Dragoș Pîslaru, announced that the outcome ensures Romania retains a financing program valued at over 20 billion euros.

We have positively concluded the technical negotiations with the European Commission on the latest PNRR amendment. The direct result: Romania retains a PNRR with a value of over 20 billion euros and fully maintains the non-reimbursable money component, the most valuable part of this financing.

— Dragoș PîslaruAnnouncing the successful conclusion of negotiations and the value of the retained funds.

Crucially, the entire component of non-reimbursable funds, the most valuable part of the financing, has been preserved. Pîslaru explained that the negotiations involved adjusting a series of indicators and reformulating certain milestones to ensure projects can be completed within the agreed timelines. These realistic adjustments have eliminated major risks of penalties and avoided financial corrections that could have amounted to billions of euros in lost funds.

By realistically adjusting some investment indicators and reformulating some milestones and reforms, we have eliminated major risks of penalties and avoided financial corrections that could have amounted to billions of euros lost.

— Dragoș PîslaruExplaining how risks were mitigated during the negotiations.

The minister emphasized that the agreed modifications do not affect the core objectives of the reforms and investments Romania committed to through the PNRR. Concrete solutions were found for significant projects in infrastructure, health, energy, digitalization, education, local development, and the environment. Mechanisms were also agreed upon to recognize progress already made on the ground, including the use of completion reports for finalized investments, and to adapt certain milestones for full implementation by the deadline.

We have obtained concrete solutions for important projects in infrastructure, health, energy, digitalization, education, local development, and the environment.

— Dragoș PîslaruHighlighting the scope of projects covered by the PNRR.

Pîslaru stressed the need for accelerated project implementation, stating that "every day counts." He reiterated his priority is to bring as much European funding as possible into the country and to complete projects that modernize Romania. He affirmed that Romania is not abandoning its commitments to reforms or PNRR-funded investments, but rather has taken steps to make them achievable and ensure every available euro benefits the Romanian people.

We still have little time available, and every day counts. My priority has been and will remain the same: to bring as much European funding as possible into the country and to complete the projects that modernize Romania.

— Dragoș PîslaruEmphasizing the urgency of project implementation.
DistantNews Editorial

Originally published by Adevărul in Romanian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.