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flag Romania wins EU approval to fix recovery plan, keeping €1B in 2026 funds via tax authority reforms.

flag Romania has secured EU approval to replace a failed VAT gap reduction target in its recovery plan, avoiding a potential €1 billion loss in 2026 funding. flag The new milestone focuses on structural reforms to strengthen tax and customs authorities, including digitalization, performance metrics, and improved debt recovery. flag The change ensures continued access to EU funds while addressing Romania’s high VAT gap, which remains well above the EU average.

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