The total disbursed amount under the EU’s Recovery and Resilience Facility (RRF) has now surpassed the €300 billion milestone. This significant achievement highlights the scale of transformative investments being financed across EU Member States, driving the green and digital transitions while enhancing the European Union’s overall resilience.
The EU Commission has received the sixth payment request from Croatia for €835.6 million, net of pre-financing, under the Recovery and Resilience Facility (RRF).
The EU Commission has received the fifth payment request from Greece for €1.35 billion in grants (net of pre-financing), and €1.78 billion in loans (net of pre-financing) under the Recovery and Resilience Facility (RRF).
The EU Commission has received Spain’s 5th payment request under the Recovery and Resilience Facility (RRF), for up to €6.7 billion in grants and €15.4 billion in loans, net of pre-financing. These amounts are subject to increase to €8 billion in grants and €15.9 billion in loans net, should the Council formally adopt the revision of the Spanish plan.
The EU Commission paid an amount of €392.2 million from the EU Solidarity Fund (EUSF) to help Italy, France and Austria recover from the damage caused by last year’s devastating floods.
Cyprus’ fourth payment request concerns 20 milestones and 8 targets. It covers reforms that improve the resilience of the banking sector, address inefficiencies in the system of issuing and transferring title deeds, expand the delivery of government services online and aim to improve the quality of education by modernising and updating the current teachers and schools’ evaluation system.
The European Investment Bank (EIB) and EDP SA signed two loans totalling €700 million to finance the rollout of EDP Renewables’ energy projects in Portugal, Spain and Italy and the expansion and modernization of EDP´s electricity distribution networks in Spain and Portugal. EDP Renewables is a subsidiary of EDP SA.
The European Investment Bank (EIB) announced €16.5 million in EU-backed funding to renew urban public transport in Kyiv, Mykolaiv, Ivano-Frankivsk, and Odesa. Backed by an EU guarantee, this operation is part of the EIB’s Ukraine Solidarity Urgent Response package, developed in close collaboration with the European Commission.
The EU Commission has announced grant agreements totalling €128 million to support 31 new 5G infrastructure projects, following the third call for proposals of the Connecting Europe Facility (CEF Digital).
This instalment comes after the EU Commission concluded that Egypt has taken measures to strengthen macro-economic resilience by unifying its fragmented exchange rate and improving its public financial management, while scaling up its social safety programme.
Following an assessment by the European Investment Bank under the Modernisation Fund, the European Commission has today disbursed €2.7 billion to support 39 investment projects in eight Member States. These projects will help lower-income EU countries to meet their 2030 climate and energy targets by reducing greenhouse gas emissions and improving energy efficiency.
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