According to a statement on Monday, the Commission received payment requests from Cyprus, Romania and Slovakia on Friday.
Cyprus’s second payment request concerns a total of 33 milestones and 5 targets, and will fund reforms and 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 euro (0.2 billion euro in loans and 1.02 billion euro in grants).
Romania’s third payment request is worth 2 billion euro in grants and loans and concerns a total of 68 milestones and 6 targets, while Slovakia’s fourth payment request is worth 799 million euro in grants and concerns a total of 15 milestones. Romania’s overall recovery and resilience plan will be financed by 28.5 billion euro (13.6 billion euro in grants and 14.9 billion euro in loans). Slovakia’s overall recovery and resilience plan will be financed by 6.4 billion euro.
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.
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