Romania presents National Economic Recovery Plan

Romania presents National Economic Recovery Plan

Last night, the Orban government presented the National Economic Recovery Plan (PNRR).

At the event, President Klaus Iohannis said the consumption-based model ignored investment, which is the basis of a country. The lack of investment in education, health and infrastructure is the result of a bad policy that should not be repeated. “Now is the right time to make ambitious reforms in important areas,” he said. “We must continue to manage the challenges of the health crisis, but at the same time we must work out the best policies and measures for economic recovery and development of our country,” he stressed. In the coming years, “our country will implement a new model of economic growth, based on investment, innovation and competitiveness,” he said.

Prime Minister Ludovic Orban stated that Romania will receive the largest financial support ever. “We are entering the country’s most creative period since joining the EU,” he said, adding that “it does not matter who wins this election, because not everyone can achieve the absorption of these financial resources. President Klaus Iohannis has achieved an unprecedented achievement in the context of difficult negotiations. He has managed to secure significant financial support for Romania, which will fuel economic growth that will enable the country to make the growth leap it needs and take its place among the developed countries of Europe.”

The Romanian Prime Minister also stressed that the funds that will flow into the country will represent “an opportunity for a better life for every Romanian, whether they are a businessman, a civil servant, a parent or a grandfather whose pension can only be increased on the basis of the number of employees and the increase in the average wage.”

In a Facebook message, Deputy Prime Minister Raluca Turcan stressed, among other things, that in the coming years more than 5 billion euros will be allocated from European funds for investments in education. In addition, funds will be provided through the Functional Program for Social Inclusion and Dignity, to support children in vulnerable communities, with the aim of reducing social inequalities.”

Minister of European Resources Marcel Boloş, while presenting the four objectives of the Program stated that Romania’s source of gold is European resources.

“We proposed a record budget for the business environment, which exceeds 3.8 billion euros,” said Mr. Bolos, recalling the phrase of Vintilă Brătianu (1905) “Without our national industry, it is impossible for the future of the state to be secured ”.

Romanian Commissioner for Transport Adina Vălean estimated that, with the National PNRR Program, the government is laying the foundations for infrastructure development in the coming years, expressing her satisfaction over the fact that more than 1/3 of the amount will be directed to transport, translating to 30 billion euros. “It is a pragmatic decision that will solve a problem that has been holding us back for many years,” Ms Vălean said.

Ms Vălean added that she encouraged all Member States to allocate significant amounts of money to the transport sector and that she would launch a mobility program in the EU.

“The European interconnection mechanism, which I manage directly and which I hope will be used and implemented very well by Romania, has 22.9 billion euros,” the European Commissioner pointed out.

The PNRR entails four major objectives:

-the modernization and development of Romania: the reforms and investments proposed for financing will irreversibly change the image of Romania after their implementation.

-the development and modernization of cities.

– the allocation of over € 7 billion in the public health system, which will modernize the quality of medical services in Romania, and education, which will make an irreversible contribution to the improvement of educational activity in Romania

-the business world, which is the backbone for the development of Romania. /ibna