Political Deadlock Loses Romania €770 Million in EU Funds
22 Articles
22 Articles
Bucharest escapes 770 million euros due to party dispute and reform.
Interim Prime Minister Ilie Bolojan said on Monday, on the day that the PNRR officially ends, the EU's post-pandemic recovery programme, that Romania remains with significant investments made, but lost in the last step hundreds of millions of euros due to the unfulfilled jails. "Today is the day that this important program, the largest...
Romania is set to lose at least 770 million euros in European Union funds after political disagreements prevented the country from meeting a key deadline in its post-pandemic recovery plan. The main political parties failed to reach a consensus on a new law on public sector wages by the August 31 deadline, which was linked to the completion of reforms in the National Recovery and Resilience Plan. According to EU sources, missing the deadline cou…
Political deadlock loses Romania €770 million in EU funds
Romania's main political parties missed a deadline to agree on a reform of public-sector salaries, a key condition for receiving post-pandemic EU funding. The failure has triggered a blame game between pro-European forces in the country.
The Financial Times writes that Romania is likely to lose 770 million euros in European Union funding because the country is unable to implement the reforms demanded by Brussels due to a government crisis.
Prime Minister Ilie Bolojan announced today, in Târgu Jiu, at the end of the period of implementation of the National Recovery and Resilience Plan (PNRR), that Romania concludes the program with important investments, but also with losses of hundreds of millions of euros - 770 million euros to meet the milestone on the law of pay and up to 100 million euros in the decarbonization area.
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Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
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