Romania faces €770 million loss in EU funds over political deadlock

Romania is facing a potential loss of at least €770 million in EU funds due to political disagreements that have prevented the country from meeting a crucial deadline in its post-pandemic recovery plan. This financial setback represents around 40% of the total €21.41 billion recovery plan. The final assessment of the financial loss will be determined by the European Commission's evaluation of Romania's final payment request, which is due by the end of September.