Proposal for a Council Implementing Decision on the approval of the assessment of the recovery and resilience plan for Romania

Author (Corporate)
Series Details COM (2021) 608
Publication Date 27/09/2021
Content Type

Summary:

Proposal for a Council Implementing Decision - tabled by the European Commission on 27 September 2021 - concerning the endorsement of an assessment to Romania's National Recovery and Resilience Plan (NRRP).

Further information:

National Recovery and Resilience Plans are prepared by the Member States of the European Union (EU) and comprise a package of reforms and investment initiatives to be implemented by 2026 and supported by the Recovery and Resilience Facility (RRF). These plans are assessed by the European Commission and approved by the Council of the European Union. The assessment is based on criteria set out in Regulation (EU) 2021/241 - also known as the RRF Regulation.

A positive assessment of the Romanian NRRP was adopted by the Commission on 27 September 2021. It recommends that the Council endorses the disbursement of €14.2 billion in grants and €14.9 billion in loans under the RRF over the period 2021-2026. The Commission's analysis considered, in particular, whether the investments and reforms contained in Romania's plan support the green and digital transitions; contribute to effectively addressing challenges identified in the European Semester; and strengthen its growth potential, job creation and economic and social resilience.

Source Link https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=COM:2021:608:FIN
Related Links
Commentary and Analysis
Bruegel: Datasets: European Union countries’ recovery and resilience plans https://www.bruegel.org/publications/datasets/european-union-countries-recovery-and-resilience-plans/
CEE Bankwatch Network: Briefing, April 2021: Assessment of Romania’s recovery and resilience plan https://bankwatch.org/publication/assessment-of-romania-s-recovery-and-resilience-plan
VoxEurop, 27/04/2021: Coronavirus: a European recovery for Romania https://voxeurop.eu/en/coronavirus-a-european-recovery-for-romania/
Euronews: View, 21/05/2021: EU must reject Poland & Romania's spending plan for COVID cash https://www.euronews.com/2021/05/21/eu-must-reject-poland-romania-s-spending-plan-for-covid-cash-view
Balkan Insight: BIRN Fact Check, 05/07/2021: Is Romania on Course to Sustained Growth? https://balkaninsight.com/2021/07/05/birn-fact-check-is-romania-on-course-to-sustained-growth/
FitchRatings: Fitch Wire, 07/09/2021: Romania’s Political Crisis Presents Risks to Deficit Reduction https://www.fitchratings.com/research/sovereigns/romanias-political-crisis-presents-risks-to-deficit-reduction-07-09-2021

News
Radio Romania International, 03/06/2021: The Priorities of Romania’s Recovery and Resilience Plan https://www.rri.ro/en_gb/the_priorities_of_romanias_recovery_and_resilience_plan-2638592
Emerging Europe, 04/06/2021: Romania confirms coal exit, but environmentalists voice concerns over gas plans https://emerging-europe.com/news/romania-confirms-coal-exit-but-environmentalists-voice-concerns-over-gas-plans/
EurActiv, 14/06/2021: Romania asks Commission to delay recovery plan evaluation https://www.euractiv.com/section/politics/short_news/romania-asks-commission-to-delay-recovery-plan-evaluation/
EurActiv, 30/07/2021: Romania’s recovery plan drama continues https://www.euractiv.com/section/politics/short_news/romanias-recovery-plan-drama-continues/
Romania Insider, 30/07/2021: Romanian PM assures Resilience Plan "is 95% cleared by the EC" https://www.romania-insider.com/pm-assures-pnrr-almost-cleared-ec
Reuters, 03/09/2021: Romania PM urges partners to stay united in coalition crisis talks https://www.reuters.com/world/europe/romania-pm-urges-partners-stay-united-coalition-crisis-talks-2021-09-03/
RFE/RL, 27/09/2021: European Commission Endorses Romania's Multibillion Euro Recovery Plan https://www.rferl.org/a/european-commission-romania-recovery-plan/31480768.html
Romania Insider, 27/09/2021: European Commission greenlights Romania’s EUR 29.2 bln recovery and resilience plan https://www.romania-insider.com/european-commission-approves-romania-recovery-resilience-plan

Official
EUR-LEX: SWD(2021)276: Staff Working Document accompanying the Proposal - Analysis of the recovery and resilience plan of Romania https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=SWD:2021:276:FIN
European Commission: Recovery and Resilience Facility: National Recovery and Resilience Plans https://ec.europa.eu/info/business-economy-euro/recovery-coronavirus/recovery-and-resilience-facility_en#national-recovery-and-resilience-plans
European Commission: Recovery and resilience plan for Romania https://ec.europa.eu/info/business-economy-euro/recovery-coronavirus/recovery-and-resilience-facility/recovery-and-resilience-plan-romania_en
Romanian Government: News, 24/09/2021: Prime Minister Florin Cîțu will have an official meeting with the President of the European Commission Ursula von der Leyen, in Bucharest https://gov.ro/en/news/prime-minister-florin-citu-will-have-an-official-meeting-with-the-president-of-the-european-commission-ursula-von-der-leyen-in-bucharest
European Commission: Press Release, 27/09/2021: NextGenerationEU: European Commission endorses Romania's €29.2 billion recovery and resilience plan https://ec.europa.eu/commission/presscorner/detail/en/ip_21_4876
European Commission: Questions and answers: European Commission endorses Romania's €29.2 billion recovery and resilience plan (27 September 2021) https://ec.europa.eu/commission/presscorner/detail/en/qanda_21_4875

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