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3 septembrie

ECA report: Money from PNRRs has a very hard time reaching the real economy

• Only a third of the funds allocated through the Recovery and Resilience Mechanism were used by the European states until the end of 2023 • Of that amount, only 50% entered the accounts of the final beneficiaries • ECA experts claim that there is a high risk that many of projects financed by the MRR are not completed according to planning • Romania, below the European average of 19% regarding the fulfillment of the reforms provided for in the PNRR

On corruption, the chief prosecutor of the European Public Prosecutor's Office says that there is no such thing as a clean country.

Laura Codruţa Kovesi: "VAT fraud was underestimated, often even tolerated"

VAT fraud was often underestimated, even tolerated by the authorities of the member states of the European Union, which was to the benefit of criminal organizations and to the detriment of citizens, said Laura Codruţa Kovesi, chief prosecutor of the European Public Prosecutor's Office, in the a lecture he gave yesterday, in front of the students and professors of the Faculty of Law of the Chisinau State University, on the occasion of the opening of the academic year in the Republic of Moldova.

Ciolacu asks the European Commission for permission for a larger deficit

The last month of summer was marked by a series of government decisions that continued to deepen the budget deficit, which - according to the budget execution for the first seven months published by the Ministry of Finance at the end of August - reached 4.02% of the Gross Domestic Product , given that, according to the state budget law for the year 2024, it should be, on December 31, at the level of 5%.

August in numbers

• August 1st

- The BNR announces that, on July 31, 2024, the foreign exchange reserves at the National Bank of Romania stood at 63,579 million euros, compared to 64,392 million euros on June 30, 2024. The level of the gold reserve remained at 103.6 tons. Under the conditions of international price developments, its value was 7,450 million euros. Romania's international reserves (currency plus gold) on July 31, 2024 were 71,029 million euros, compared to 71,641 million euros on June 30, 2024.