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Croatia requests 822 mln euro under RRF

Apr 17, 2024, 9:46:19 AMArticle by Annie Tsoneva
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April 17 (SeeNews) - The European Commission said it has received Croatia's fifth payment request for 821.7 million euro ($873.8 million), with 555.7 million euro in grants and 266 million euro in loans, under the Recovery and Resilience Facility (RRF).

Croatia requests 822 mln euro under RRF
Rovinj. Source: Adris

Croatia's fifth payment request involves a total of 25 milestones and 12 targets, the Commission said in a press release on Tuesday.

It covers transformative reforms in areas including monitoring and development of tourism policy, regulatory impact assessment, judicial case management, transparency and ethical standards in public institutions, supervision of the financial sector, public procurement, the education model in primary and secondary schools, the social welfare system, the exercise of rights of persons with disabilities, management of the healthcare system, and energy renovation.

The request also covers important investments in areas including Croatia's business environment, water supply, wastewater infrastructure, production and use of biofuels in transport, energy and agriculture infrastructure, development of broadband access infrastructure, cybersecurity, and digital transition in public administration.

The Commission will now assess the request. It will then send its preliminary assessment of Croatia's fulfilment of the milestones and targets required for this payment to the Council's Economic and Financial Committee.

Croatia's overall recovery and resilience plan will be financed by 5.8 billion euro in grants and 4.2 billion euro in loans.

($ = 0.940 euro)

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