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Nazare: Recovery and Resilience Facility is best proof of EU s ability to deliver concrete, operational results

20/01/2021 09:13 The Recovery and Resilience Facility is the best proof of the European Union s ability to learn from past lessons and deliver concrete and operational results despite the current crisis conditions, Finance Minister Alexandru Nazare told the meeting of the Economic and Financial Affairs Council (ECOFIN) on January 19, 2021, according to AGERPRES. According to a Finance Ministry release, the implementation of the Recovery and Resilience Facility was one of the main items on the agenda of the ECOFIN meeting held in videoconference. It is to be adopted in February, after which the member states can formally submit National Recovery and Resilience Plans for evaluation and approval.

FinMin Nazare: We must reduce deficit in order not to jeopardize economic recovery

FinMin Nazare: Investment promotion stays a priority, use of European funds particularly important

07/01/2021 21:24 Investment promotion remains a priority for Romania, and particular importance will be attached to using European funds, Finance Minister Alexandru Nazare stated during a discussion held today with European Commission Vice President Valdis Dombrovskis, the Finance Ministry said in a release. I agreed with Vice President Dombrovskis to have permanent dialogue in the future and I am hoping for an open and fruitful collaboration. Among others, we discussed our goal of promoting a strategy that should lead to a sustainable fiscal consolidation, without affecting Romania s capacity to adopt measures to support the economy in this difficult situation caused by the COVID-19 pandemic, so that by 2024 the budget deficit narrows below 3 percent of GDP. Investment promotion definitely stays a priority (public investments accounted for over 5 percent of GDP in 2020), with particular importance attached to the use of European funds. I also emphasized to Vice President V

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