Some positive breaking news!
Iulia Ramona Chiriac, Head of European Commission Representation to Bucharest: “According to the Romanian authorities, quoted by profit.ro, Romania has crossed the 100 billion Euros threshold for European funding received since it became a member of the European Union!
Romania contributed 32,87 billion Euros to the EU budget. For every 1 Euro sent to the EU budget, Romania receives back 3 Euros, being a net beneficiary.
Romania has reached a significant milestone, surpassing 100 billion euros in funds received from the European Union budget, consisting of non-reimbursable funds. This was achieved after the state received 1.37 billion euros in the first month of this year, according to data analyzed by Profit.ro. The impact of these investments is evident across various sectors of the Romanian economy.
Romania joined the EU in January 2007. Since then, it has received 100.65 billion euros (the most recent data available as of January 2025) and contributed 32.87 billion euros to the EU budget, resulting in a net benefit of 67.78 billion euros. (The EU budget is primarily based on the contributions of member states, with stronger economies typically contributing more than they receive to support the convergence of less-developed countries).
“These funds have had a significant impact on the structure of Romania’s economy, transforming it from an economic periphery into a rapidly converging country. From 2007 to the present, Romania’s GDP has grown more than 3.6 times, surpassing countries such as Poland, Hungary, Croatia, and Greece in terms of GDP per capita, an essential indicator of living standards. European investments have transformed the country’s infrastructure: nearly 900 km of highways and express roads have been built, 3 million Romanians have gained access to sewer systems, and 100,000 companies have received grants. Thousands of schools and hospitals have been modernized, stable jobs have been created, and new investments have been attracted. Post-pandemic Romania stands out due to the record level of public investments, which account for over 7.5% of GDP, making it the country with the highest share among EU member states. Today, public investments make up a quarter of the GDP, and EU funds have played a crucial role in this process, supporting the growth of private investments and attracting foreign capital, which contributed to the development of the domestic business environment and increased the overall competitiveness of the economy,” said Marcel Boloș for Profit.ro.
For 2025, the government estimates Romania will receive 13.27 billion euros from the EU budget, of which 4.16 billion euros will be grants under the National Recovery and Resilience Plan (NRRP). So far, Romania has attracted 5.9 billion euros from the NRRP (5.78 billion euros from the NRRP and 122.9 million euros from ReactEU). The EU budget is structured over seven-year periods, and Romania is currently in the third Multiannual Financial Framework (MFF 2021-2027), after completing two previous budget programming periods. Between 2007 and 2013, Romania was allocated 40.25 billion euros and absorbed 36.69 billion euros (91.2%), while between 2014 and 2020, Romania had an allocation of 52.9 billion euros, attracting 51.07 billion euros (96.5%). For the 2021-2027 period, Romania has been allocated 55.51 billion euros, plus NRRP funds. Compared to the traditional EU budget, which consists solely of non-reimbursable funds, the NRRP program includes both grants and loans. The data presented in this article refers only to grants, as clarified by Profit.ro.
Romanian language link to article: https://lnkd.in/dtmRsA-e Oncu Marius
05.03.2025 / Editor, Andreea Dragan
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