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EC disburses 1.9 bln euro in pre-financing to Romania under RRF

EC disburses 1.9 bln euro in pre-financing to Romania under RRF Source. European Commission

BUCHAREST (Romania), January 13 (SeeNews) - The European Commission (EC) said on Thursday it has disbursed 1.9 billion euro ($2.16 billion) to Romania in pre-financing under the Recovery and Resilience Facility (RRF).

The pre-financing payment will help to kick-start the implementation of the investment and reform measures outlined in Romania's recovery and resilience plan, the Commission said in a press release.

On December 2, Romania received 1.8 billion euro in pre-financing under the RRF. The two tranches received so far represent some 13% of the country's grant allocation under the RRF.

The country is set to receive 29.2 billion euro in total, consisting of 14.2 billion euro in grants and 14.9 billion euro in loans, over the lifetime of its plan.

The RRF is at the core of NextGenerationEU which will provide 800 billion euro to support investments and reforms across member states.

($=0.8725 euro)

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