Romania Risks Losing €869 Million in EU Funds: Urgent Reforms Needed

Romania Faces EU Fund Suspension: Deadline Looms for Crucial Reforms Romania is facing a critical deadline to secure vital European Union funds. The European Commission has temporarily suspended €869 million from Romania's Recovery and Resilience Plan (PNRR). This decision highlights concerns about the country's progress in implementing key reforms. The Minister of European Funds has publicly stated that Romania has until the end of November to meet the conditions set by the EU to unlock these funds. According to Diana Buzea, a reporter for Kanal D News, "The European Commission has suspended 869 million euros from the third tranche of the PNRR." The reforms needed include changes to the pension system for special categories and the creation of an agency to monitor the performance of state-owned companies, particularly those in the energy sector. The reporter also highlighted that the reform of special pensions has two components: a phased increase in the retirement age to 65 and a recalculation of pension amounts based on 85% of net income. The situation underscores the challenges Romania faces in meeting the requirements for EU funding. The successful implementation of these reforms will be crucial for the country's economic stability and future development. The urgency of the situation demands immediate action from the Romanian government.