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Romania to Get 1st Payment of EUR 2.6 bln From EC

EU

The European Commission said on Thursday it has issued a positive preliminary evaluation of Romania's first payment request of EUR 2.6 billion, under its Recovery and Resilience Facility.

The sum includes grants worth EUR 1.8 billion and EUR 800 million in loans, the European Commission said in a press release.

Romania submitted its payment request at the end of May, demonstrating the fulfillment of 21 reforms and investments in areas such as sustainable transport, improving tax and tax administration processes or the fight against corruption.

The country's recovery and resilience plan is worth EUR 29.2 billion in grants and loans, of which EUR 3.7 billion have already been disbursed to Romania in pre-financing. 

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