The PNNR Project

PNRR: Funds for modern and reformed Romania!

 

The Romanian National Recovery and Resilience Plan pursues the general objectives of the European Union (EU) Recovery and Resilience Mechanism (RRM), a mechanism created at European Union (EU) level as a temporary financial instrument to support recovery from the crisis caused by the COVID-19 pandemic.

The rules and principles underpinning the implementation of the NRRP are laid down in Regulation (EU) 2021/241 of the European Parliament and of the Council of February 12, 2021 establishing the Recovery and Resilience Mechanism 2021-2027, as well as in the Council Implementing Decision of November 3, 2021 approving the assessment of the Recovery and Resilience Plan. The Romanian NRRP comprises a package of public reforms and investments to be implemented by 2026. The total financial allocation for Romania is EUR 29.2 billion, of which EUR 14.24 billion in grants and EUR 14.94 billion in loans.