European Commission warns Romania about potential loss of EU recovery funds due to delays in reforms.
European Commission warns Romania that delays in reforms could jeopardize EU recovery funds. The Commission expressed concern about Romania's fiscal situation and slow progress in implementing the National Recovery and Resilience Plan, which is crucial for receiving €28.5bn in grants and loans. The country has received €9bn so far but may lose part of the funds if it fails to meet the required reforms and fiscal targets.
March 20, 2024
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