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Nov 30, 2023 14:38 EEST
November 30 (SeeNews) - The European Commission said on Thursday it has disbursed the third payment, totaling 700 million euro ($764 million), in non-repayable financial support to Croatia under the Recovery and Resilience Facility (RRF).
The RRF is a key part of the NextGenerationEU recovery plan designed to aid EU member states in economic recovery from the coronavirus pandemic and help them invest in green energy and digitalisation.
“Payments made by Croatia under the RRF shall be performance-based and depend on the implementation by Croatia of the investments and reforms described in its recovery and resilience plan,” the Commission said in a press release.
In July, Croatia submitted to the Commission the third request for payment under the RRF covering 32 milestones and 13 targets. These cover several reforms in the areas of healthcare, science and higher education, research and innovation, labour market, waste management and renewable energy sources, as well as investments in energy renovation of buildings, green and digital transition of tourism and reducing the administrative burden for businesses.
The overall recovery and resilience plan of Croatia will be financed by 5.5 billion euro in the form of grants.
($ = 0.916 euro)
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