Political Deadlock Loses Romania €770 Million in EU Funds
13 Articles
13 Articles
Bucharest escapes 770 million euros due to party dispute and reform.
Political deadlock loses Romania €770 million in EU funds
Romania's main political parties missed a deadline to agree on a reform of public-sector salaries, a key condition for receiving post-pandemic EU funding. The failure has triggered a blame game between pro-European forces in the country.
The Financial Times writes that Romania is likely to lose 770 million euros in European Union funding because the country is unable to implement the reforms demanded by Brussels due to a government crisis.
Interim Prime Minister Ilie Bolojan said on Monday that Romania loses 770 million euros from the PNRR due to the failure to adopt the new Wage Act and claims that the Government he leads has no responsibility for the failure of the milestone. The declaration mainly targets the PSD, a party that opposed the adoption of the law in the negotiated formula [...]
Elijah Bolojan announced, on Monday, at the end of the PNRR, that Romania loses 770 million euros, representing penalties for failing to meet the milestone on the new payroll law. The Prime Minister also said that...
Interim Prime Minister Ilie Bolojan said on Monday, on the last day of implementation of the National Recovery and Resilience Plan (PNRR), that Romania concludes the program with important investments in infrastructure, hospitals, schools and energy, but also with losses of hundreds of millions of euros. Romania loses, on the last hundred meters, 770 million euros [...]
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