Romania's Ministry of Finance said Finance Minister Alexandru Nazare is attending the informal Economic and Financial Affairs Council (ECOFIN) meeting in Nicosia and outlined Romania's priorities for the talks. The ministry said Romania will focus on fiscal consolidation, full use of available European Union funds and financing for strategic investment, reflecting the need to reduce the budget deficit while preserving investment and supporting economic recovery. The statement pointed to the European Commission's spring forecast as support for targeted investment and reforms alongside gradual deficit reduction. It also highlighted Romania's access to EUR 16.68 billion under the SAFE agreement for defence and strategic infrastructure, and said implementation of Romania's National Recovery and Resilience Plan has passed 60 percent after approval of payment request 4. Around EUR 10 billion remains to be drawn through payment requests 5 and 6, with discussions with the European Commission set to determine which projects remain grant-funded, which move to the loan component and which reforms must be completed by the end of August. ECOFIN discussions are due to cover the revision of national recovery plans, the new European Union economic governance framework, common financing tools for defence, energy interconnections and critical raw materials, and the role of stablecoins in international payment systems.

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