Builders report a gap of approximately €3 billion between the value of works carried out and technically certified under the NRRP and the amounts actually received, a situation placing major pressure on companies’ liquidity in the sector, according to the Federation of Construction Companies’ Employers’ Associations (FPSC).
The construction sector accounts for €9.45 billion, equivalent to 44.8% of the NRRP’s total value. Of this amount, completed works are estimated at approximately €6 billion, while builders have received around €3.1 billion.
FPSC says that Romania is concluding the NRRP with insufficiently prepared projects, delayed procedures, poorly managed investments and a lack of a coherent strategy. The organization calls for the lessons learned to be put to use in absorbing cohesion funds and preparing for the next European financial framework, 2028–2034.
FPSC President Cristian Erbașu says that a budget revision is urgent because the lack of co-financing is blocking projects. According to the federation, the continuity of investments is also essential for retaining skilled workers, who risk leaving again for Western countries.
||||Construction companies have earned a €3 billion gap between the value of works carried out and technically certified under the NRRP and the amounts actually received, placing significant pressure on the sector's company liquidity, according to the Federation of Construction Companies Employers' Associations (FPSC).
The construction sector accounts for €9.45 billion, equivalent to 44.8% of the total value of the NRRP. Of this amount, completed works are estimated at approximately €6 billion, while construction companies have received around €3.1 billion.
FPSC says Romania is closing the NRRP with insufficiently prepared projects, delayed procedures, poorly managed investments, and a lack of a coherent strategy. The organization calls for the lessons learned to be used to absorb cohesion funds and prepare for the next European financial framework, 2028–2034.
FPSC President Cristian Erbașu says a budget revision is urgent because the lack of co-financing is blocking projects. According to the federation, continuity of investment is also essential to retain skilled workers, who risk leaving again for Western countries.
(),Sources
Latest News
23:49
23:24
23:17
23:02
22:59
See more news