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June 21, 2021
BUSINESS COMPANIES ECONOMY INVESTMENTS POLITICS

PM Citu: PNRR will not have projects that take long to carry through

Prime Minister Florin Citu said on Thursday that moving forward he will deal with cutting through red tape so that the procedures for the implementation of projects under the National Recovery and Resilience Plan (PNRR) will be faster and within five years the money received will be spent.

In Arad on Thursday evening to attend a meeting of the Council for Regional Development of the Vest Region, Citu addressed the four chairs of county councils in the region and several mayors in attendance present, to whom he presented the main PNRR components.

“We have projects at different stages of preparation and we have three sources of funding: the national budget, which we all know; there are European funds – and here I agree that things went weak, to say the least, but also because of legislation, the way work used to be done, and red tape, which we all complain about, but nothing has been done in these years, and it is our duty to change things moving forward, very soon – and of course there is PNRR,” said Citu.

He pointed out that there is a clear deadline for investment under the PNRR, namely 2026.

“In PNRR, an important condition was projects to be mature so that they can be carried through by 2026. You cannot go to the European Commission with projects that are historically completed in six, seven, eight years and say that you do them in three years after you have never done such a project in Romania, so you have no history that you can do such a project,” said Citu, according to Agerpres.

According to him, “the goal is to take the 29.2 billion euros” and the local administrations must move “very well and very efficiently” to spend the PNRR funds.

The PM said it would be a challenge for all to cut through red tape so that projects could be completed on time.

“The bureaucracy we are talking about has a component in the central administration that I will deal with, but it also has a component in you, which you have to take care of. We all need to cut through red tape so that we can attract the money, so that we can to benefit from that money,” Citu told the attending local public administration officials.

 

“Increase in net investment by about 10% in Q1 , an indicator that shows the confidence of entrepreneurs, investors and multinationals in the Government”

 

Prime Minister Florin Citu says that the announced increase in net investment by about 10% in the first quarter of this year, according to National Institute of Statistics (INS) data, is an indicator that shows the confidence of entrepreneurs, investors and multinationals in the Government.

“Extraordinary news from the economy! Net investments in the economy increase by about 10%. Very important for Romanians. These investments are an indicator that shows the confidence of entrepreneurs, investors and multinationals in the government they lead. Net investments represent, among other things, expenditures for the creation of new fixed assets, as well as for the development, modernization and reconstruction of existing ones. More simply said, a higher production capacity is created because a larger economy with higher demand and higher purchasing power is estimated. Economic growth that will benefit all Romanians. We continue at this pace and exceed the most optimistic estimates of economic growth,” Florin Citu wrote on Facebook on Thursday.

Net investments in the national economy amounted to 20.356 billion lei in the first quarter of this year, up 9.9% compared to the same period in 2020, according to provisional data published on Thursday by the National Institute of Statistics (INS).

Photo: www.gov.ro

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