Monitoring the National Recovery and Resilience Plans - Romania

Romania’s final NRRP has a total budget of €29.2bn of loans and grants. Nearly 7.5% (€2.2bn) of this allocation is earmarked to be spent as part of the “Fund for the Renovation Wave”. It is split in nearly equal shares between energy renovation measures in multifamily residential properties (€1.1bn) and public buildings (administrative offices, buildings serving public services, including historic buildings) (€1.17bn). The Plan supports a range of enabling measures, including the realisation of the National Buildings Registry and implementation of the energy building passport – (€5 m); strengthening the professional capacity of specialists and construction workers for buildings with increased energy performance – development and operation of regional training centres – (€10 m); support to circular economy and increasing the energy efficiency of historic buildings – (€15m). Outside the specific Renovation Wave component, measures include the creation of a new financial instrument (portfolio guarantee) for energy efficiency for SMEs and individuals (€0.2bn). Another fund of funds will be created for larger enterprises (covering energy efficiency and renewable energy) (€0.1bn). Together with the Renovation Wave measures this brings the total renovation investment value to €2.6bn (8.9%). A further €2.6bn are earmarked for other building infrastructures like construction of new social housing and retirement homes, hospitals and healthcare facilities, and pre-school programmes.

Read the full Romanian Country Profile here.