Under the Recovery and Resilience Facility (RRF) financial instrument, the EU will give €14.2 billion in grants and €14.9 billion in loans to support Romania’s recovery and resilience plan in order to support its green and digital transitions, strengthen growth, job creation, and economic and social resilience.

The RRF is the key instrument at the heart of NextGenerationEU. It will provide up to €800 billion (in current prices) to support investments and reforms across the EU. The Romanian plan is a part of an unprecedented coordinated EU response to the COVID-19 crisis aiming to address common European challenges by embracing the green and digital transitions and strengthening economic and social resilience, as well as the cohesion of the Single Market.

The Commission’s assessment finds that Romania’s plan shall allocate 41% of the its total budget on measures that support the green transition, and 21% on actions that reinforce the digital transition. The implementation of social and educational reforms and investments is expected to tackle long-standing vulnerabilities and structural deficiencies. The plan supports measures directed to strengthening the public administration through reinforcing the effectiveness of the judicial system and fighting corruption. It will also include measures to support private investment, particularly for SMEs, and improve the business environment through reducing the administrative burden for firms.

NextGenerationEU: European Commission endorses Romania’s €29.2 billion recovery and resilience plan