Brussels, 18 December 2023
On Friday, the Commission received payment requests under the Recovery and Resilience Facility from three Member States – Cyprus, Romania, Slovakia.
Cyprus’s second payment request is worth €152 million in grants (net of pre-financing) and concerns a total of 33 milestones and 5 targets. This payment request covers transformative reforms and important investments in areas including public health, education, energy efficiency and renewable energy, protection against forest fires and floods, water management, agriculture, research and innovation, financial support to businesses, digitalisation of public administration, taxation, and anti-corruption. Cyprus’s overall recovery and resilience plan will be financed by €1.22 billion (€0.2 billion in loans and €1.02 billion in grants).
Romania’s third payment request is worth €2 billion in grants and loans (net of pre-financing) and concerns a total of 68 milestones and 6 targets. This payment request covers transformative reforms and important investments in areas including energy efficiency, seismic risk reduction, cybersecurity, digital skills for public services, tax administration, urban mobility, road safety, reforestation, circular economy, and education, urban and regional public transport, electric vehicle charging infrastructure, and cycling infrastructure. Romania’s overall recovery and resilience plan will be financed by €28.5 billion (€13.6 billion in grants and €14.9 billion in loans).
Slovakia’s fourth payment request is worth €799 million in grants (net of pre-financing) and concerns a total of 15 milestones. This payment request covers transformative reforms in areas including sustainable transport, education, healthcare, the business environment, strengthening the fight against corruption and improving the sustainability of the pension system. Slovakia’s overall recovery and resilience plan will be financed by €6.4 billion.
Payments under the RRF are performance-based and contingent on Cyprus, Romania and Slovakia implementing the reforms and investments outlined in their recovery and resilience plans. The Commission will now assess the requests and will then send its preliminary assessments of the fulfilment of the milestones and targets required for this payment to the Economic and Financial Committee.
More information on the process of the payment requests under the RRF is available in this Q&A. More information on the recovery and resilience plans of Cyprus, Romania and Slovakia can be found here.
Source – EU Commission