President Klaus Iohannis announced on Wednesday, July 22, that Romania must submit to the European Commission for approval two separate plans to get the EUR 79.9 billion earmarked to the country under the EU budget for the next seven years.

The first plan is needed for the EUR 46.3 bln non-reimbursable funds from the EU budget (MFF) for the period 2021-2027.

The second plan will be for the EUR 33.5 bln from the Next Generation EU (NGEU) economic recovery fund.

Iohannis said that both documents "are already under construction" and must be sent to the European Commission by October, G4media.ro reported.

"Today, we have correlated the two plans, to use European money in the most effective way possible, to have a major impact on the economy and public systems," the president added.

He didn't give any details about the strategic directions for spending funds and the top investment objectives.

He didn't mention who is involved in drafting the plans either.

(Photo: Presidency.ro)

editor@romania-insider.com