Romania to pay back EUR 1.2 bn to the EU in April

According to the Ministry of Public Finances, Romania is due to pay EUR 1.2 billion to the EU in April, as part of the stand-by loan made in 2009.

The total amount owed to the EU this year is EUR 1.35 billion.

Until 2023, Romania has to pay over EUR 3.5 billion to the World Bank and the EU. The largest part will go to the EU – EUR 2.46 billion. The country repaid EUR 1.26 billion in 2017 to the two institutions, EUR 113 million in 2016 and over EUR 1.83 billion in 2015.

In 2015, the IMF loan was also paid off – the total amount paid back by Romania to the institution was over EUR 2.49 billion.

Between 2009 and 2017, the total paid back to the three institutions exceeded EUR 6.21 billion.

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In 2019, Romania will have to pay back EUR 1 billion.