President: Romania obtained almost EUR 80 bln for European projects

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Romania has secured an impressive sum, almost EUR 80 billion for European projects within the EU Recovery Plan, President Klaus Iohannis has announced in Brussels after the European Council meeting.

The money will be used for the construction of hospitals, schools, the modernisation of large public systems, as well as economic recovery.

After very complicated discussions, after very complicated negotiations, after four days and four nights of negotiations, we obtained an impressive amount for Romania – 79.9 billion euros for European projects; We will use it to rebuild Romania’s infrastructure, to build hospitals, schools, to modernise the great public systems. It is also very important to know that a significant part of the money will be used for economic recovery,” President Iohannis said.

The head of state pointed out that the funds will be used, on one hand for the plan for the 2021 – 2027 multiannual European budget, upon which the Orban Government has been working since the start of 2020 to implement, and on the other hand, on the national recovery plan which will be unveiled to the European Commission, in order for us to receive the funds for economic recovery.

“We have done well so far, we obtained a beautiful outcome. It is an important day to Romania, an important day to the European design, and we will move on, for this money must be used for the reconstruction of Romania,” Iohannis stated.

On Tuesday, the leaders of the EU states have reached an agreement, in the 5th day of the summit in Brussels, on the budget for 2021-2017 and on the EU Recovery Plan after the coronavirus pandemic.

The 2021-2027 multi-annual budget has the green light for EUR 1,074 billion, while the EU Recovery Plan is worth EUR 750 billion, consisting of EUR 390 bln as non-refundable subsidies and credits of EUR 360 bln.

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