Romania's Parliament convenes for special session on PNRR reforms and SAFE agreement

Romania's Parliament has interrupted its recess to begin a five-day special session focused on pending Planul Național de Redresare și Reziliență (PNRR) reforms and the SAFE loan agreement.

Key points

• Lawmakers are reviewing legislative initiatives to extend the 9% reduced VAT rate for real estate transactions until October 1, 2026.
• The agenda includes mechanisms for rewarding ANAF and Customs Authority personnel based on revenue collection performance.
• Deputies are tasked with approving the SAFE loan agreement, which allocates around 16.68 billion euros to Romania for defense and dual-use infrastructure.
• Political parties remain divided on several fiscal and administrative measures, including public sector wage reform.

Why it matters

Timely adoption of these legislative packages is critical for Romania to meet European Union milestones, avoid the loss of hundreds of millions or billions in European funds, and secure defense financing.