AcasăEurope NewsGov't updates distribution of recovery, resilience funds to reforming, investing bodies

Gov’t updates distribution of recovery, resilience funds to reforming, investing bodies

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The Romanian government approved on Thursday an update to the way in which the money from the National Recovery and Resilience Plan (PNRR) is distributed to the public bodies that deal with reforms and investment as a result of the reorganisation of several ministries.

According to the government, this is the measure by which the Ministry of Labour and Social Solidarity merged with the Ministry of Family, Youth and Equal Opportunities, creating the Ministry of Labour, Family, Youth and Social Solidarity, and the Ministry of Research, Innovation and Digital Transformation was divided into two entities: the National Authority for Research and the Ministry of Economy, Digital Transformation, Entrepreneurship and Tourism. At the same time, by the same measure, the National Research Authority took over as coordinator for reforms and investment in the field of research under the National Recovery and Resilience Plan (PNRR).

„Thus, the related legislative annexes are amended to reflect the new coordinators and to reallocate funds between the PNRR components, without changing the total allocated budget (approximately EUR 28.5 billion). The update is necessary for the conclusion and adjustment of the financing agreements with the new bodies, thus ensuring the predictability and continuity of the implementation of the PNRR projects amidst deadlines and administrative changes.”

AGERPRES

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