We are quite far from meeting all the PNRR criteria, says Eugen Redulescu, Head of the Financial Stability Department of the National Bank of Romania (BNR).

“The field does not belong to the BNR. The NBR is just a bystander who notices that we have a risk of not meeting the targets in the PNRR,” he said.

He noted that there are quite complex reforms.

“Pension reform comes to mind. This is a very delicate area. PNRR also talks about special pensions. The government says special pensions do, but some aren’t special: they’re called seniority pensions. This is a delicate area,” Redulescu explained.

• We observe the following. We are among those countries that have already benefited from the several billion euros that have already been withdrawn from the PNRR. A part has been repaid, meaning the money that was sent to Romania’s accounts has already been used by the Government for the domains for which there were relevant domains.