Romania obtained on Thursday the approval of the revised National Recovery and Resilience Plan (PNRR), worth 21.41 billion euros, following an ECOFIN meeting in Brussels.
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The Minister of Finance, Alexandru Nazare, announced that the country has collected up to now 10.7 billion euros from the PNRR and will receive a similar amount by the end of next year. The revised plan has reduced the number of milestones from 518 to 390, without diminishing the ambition of the reforms. The changes include the elimination of risky investments and the introduction of new projects, such as the capitalization of the Investment Bank. At the meeting, other economic topics were also discussed, including customs reform and the revision of the Energy Tax Directive.
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