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January 27, 2023

PM Ciuca: In 2022, Romania managed to absorb 11.3 billion euros in European funds

In 2022, Romania managed to absorb 11.3 billion euros in European funds, prime minister Nicolae Ciuca declared on Wednesday, adding that it is the highest level reached since our country has access to these funds.

“We managed to get through all the challenges we had, the challenges that Romanian citizens have felt. (…) We need the same energy and activity from everyone. (…) We had a good budget execution, we managed to fall within the deficit targets,” stated Ciuca.

According to him, the Government managed to achieve an economic growth “that no one had predicted at the beginning of the year, especially after the outbreak of the war in Ukraine and after the effects produced by the increase in energy and gas prices and the inflation”.

“There were moments that we managed together, moments for which we found solutions and solved them one by one, but, at the same time, we also managed to design decisions that produce effects over time, which is why it is important to emphasize that we are committed to ensuring the absorption of European funds and all three lines of European financing total approximately 90 billion euros. (…) We managed to fall within the amount that we set as an objective, namely for at least 10 billion to be absorbed per year,” explained the prime minister.

He recalled that last year Romania undertook to provide the largest amount for investments. “We managed to secure this amount and to spend this money. Although delayed by the increase in the price of construction materials, we finally managed to fit into an absorption process of probably more than 70 percent. We are waiting for the month end figures and we will also announce the nominal value of investment expenditures,” added Ciuca, according to Agerpres.


Investments in the economy must be further supported


Prime Minister Nicolae Ciuca announced, on Wednesday, at the beginning of the Government meeting, that investments in the economy must be further supported.

“As long as we achieved and prioritized investments, the economy worked. We know very well that the Romanian economy is an economy connected to the European economy and the world economy, and the effects will be felt here as well. We have the data and the analyses made by the institutions of economic analysis and, of course, a year is expected in which there is this fear of entering economic recession. Nevertheless, for our country, the forecast is positive and Romania, even if it does not have the same level of growth, but it will have an economic growth and it must be supported by measures at the Government level and by measures to support the business environment, the entrepreneurial environment,” said Ciuca.


Submission of second payment request under Recovery and Resilience Facility


Prime Minister Nicolae Ciuca announced at the beginning of Wednesday’s government meeting that the second payment request under the National Recovery and Resilience Plan was sent to Brussels.

“We have prepared and submitted the second payment request under the NRRP, it is currently being examined, most probably it will be approved and the money will be disbursed at the end of the month or next month at the latest. It is very important to have this money in the country. Also, at the beginning of this year we will receive the pre-financing from the 2021 – 2027 cohesion funds, we are also discussing about 3 billion euros, plus the money available to us under the 2014 – 2021 multiannual framework, specifically the last year,” the prime minister said.


Photo: www.gov.ro

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