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PNRR Romania is going to submit to Brussels a
National Plan of Recovery and Resilience (PNRR) for the entire sum allotted of
29.2 billion Euros, Prime Minister Florin Citu said at the end of the
government meeting on Thursday. The Romanian official has presented the plan to
the European Commission and the way in which this plan is going to foster
economic growth and reforms on pensions, the fiscal system, on curbing dioxide
emissions and ensuring transition to the green energy. According to the
Romanian official, loans are another major component of the plan that Romania
Italy approves post-covid recovery plan
28 Apr, 2021
Italian lawmakers give green light to government s massive stimulus package.
Italy s parliament has approved the government s €222 billion European Union-funded recovery plan by a huge majority after the package was presented to the chamber of deputies and the senate this week by Italian premier Mario Draghi.
The National Plan of Recovery and Resilience (PNRR), funded largely by the EU, will see most of the money go towards improving Italy’s infrastructure as well as boosting environmentally-sustainable development and digital innovation.
Describing it as an investment in the future and in the new generations, Draghi said the five-year plan would decide the fate and credibility of the country, and pave the way for otherwise impossible, unthinkable investments.