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Romania is preparing to draw substantial European funds, Iohannis says

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President Klaus Iohannis has stated at the Cotroceni Presidential Palace on Wednesday that Romania is preparing to draw "substantial European funds," referring to a proposal of the European Commission.

He said that the proposal is that the Multiannual Funds be discussed "together" with the funds devoted to economic recovery.

"A proposal of the Commission, which we find good, is up for discussion. This means that the Multiannual Funds, the so-called MFF [the Multiannual Financial Framework] will be discussed together with funds which are designed for economic recovery, for increasing economic resilience in the European Union, as they say. Thus, Romania, too, will benefit from more European funds than we had initially envisioned, I'm talking before the crisis," the head of state pointed out.

Iohannis explained that this project is not a final one, but it will be negotiated, with a first stage taking place at the European Council meeting on 18 and 19 June.

The funds will be used for investments in motorways, railway infrastructure, renewable energy and public systems.

"We have analysed all opportunities. We will invest this money in very important projects for Romania. Not only in economic recovery, but companies, too, will have the possibility to use this money, but, very importantly, we will invest in motorways, we will invest in railways, we will invest in renewable energy projects, we will improve public systems, we will invest important money in the public health system, in the education system. All these things will be prepared in detail, but, until then, we are all determined to fight in order to receive an allocation as substantial as possible for Romania," he said.

"We are preparing to draw substantial European funds, which we will invest to the benefit of Romania and, obviously, of Romanians," Iohannis said. 

The President had a discussion with Prime Minister Ludovic Orban at the Cotroceni Presidential Palace on Wednesday.



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