Romania reportedly gets partial Resilience Facility disbursement
<p>The European Commission will reportedly disburse only part of the EUR 2.3 bln Resilience Facility money to Romania, with EUR 1.1 bln temporarily retained for failure to meet a number of targets and milestones, according to sources familiar with the matter consulted by <a href="https://economedia.ro/exclusiv-romania-pierde-temporar-11-miliarde-de-euro-din-cererea-de-plata-numarul-3-in-valoare-totala-neta-de-2-miliarde-de-euro-guvernul-are-6-luni-sa-indeplineasca-jaloanele-restante.html?mc_cid=62ce6936be&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Economedia.ro</a>.&nbsp;</p>

<p>The part of the money retained until all targets are met seems disproportionate, however, compared to the number of targets met.</p>

<p>In principle, the Romanian government has six months to meet the outstanding milestones and receive the rest of the money.</p>

<p>The Romanian government confirmed that it met only 68 of the 74 milestones related to the third disbursement, according to Economedia.ro. Six milestones are considered partially or completely unfulfilled.</p>

<p>According to Economedia.ro, a key unfulfilled milestone is the operationalization of the agency charged with supervising the state companies.&nbsp;</p>

<p>Another key unfulfilled milestone is the lowering of the threshold for micro-enterprises, where prime minister Marcel Ciolacu said that a political decision must be made.&nbsp;</p>

<p>Another controversial milestone is that regarding the appointments of the heads of energy companies. Most likely, another unfulfilled milestone is the one regarding the Cluj-Napoca subway project, for which Economedia.ro previously reported that EUR 300 mln may be temporarily suspended.</p>

<p><em>iulian@romania-insider.com</em></p>

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