The European Commission has paid Slovakia 492 million euros through the national recovery plan
Brussels/Bratislava – The European Commission (EC) announced on Thursday that it has disbursed the fifth payment to Slovakia under the Recovery and Resilience Facility (RRF), which is a central element of the EU’s Next Generation EU (NGEU) instrument. The payment of 492 million euros is part of Slovakia’s national recovery and resilience plan, reports TASR correspondent. Deputy Prime Minister for the Recovery Plan and Knowledge Economy Peter Kmec (Hlas-SD) stated that the fifth payment means that Slovakia is fulfilling the conditions.
The Commission reminded that the Recovery and Resilience Plan of the Slovak Republic is financed from grants amounting to 6.4 billion euros. The payment was made after Slovakia submitted its fifth payment request to the Euro Commission last December, which included 21 milestones and targets related to 14 reforms. These reforms focus on areas such as decarbonization of electricity production, support for hydrogen technologies, improvement of public transport, and enhancement of electronic public administration services.
The request also included five investments, including teacher training, support for research, and modernization of energy distribution systems. The Commission announced that after a positive preliminary assessment of this request in May of this year and a favorable opinion from the Economic and Financial Committee of the EU Council, it approved the disbursement of the requested funds.
Slovakia has so far received 3.96 billion euros through the recovery plan, which represents 62% of the total allocated funds
So far, Slovakia has received 3.96 billion euros through the recovery plan, which represents 62% of the total allocated funds to the country, with 42% of the milestones and targets of the national plan already met. Payments from the Recovery and Resilience Facility to Slovakia, as well as to all EU member states, are performance-based and depend on the country’s progress in implementing the recovery and resilience plan.
Deputy Prime Minister for the Recovery Plan and Knowledge Economy Peter Kmec emphasized on Thursday that the sending of the fifth payment is also the result of the thorough work of his team.
“I am glad that Slovakia has today credited additional funds from the Recovery Plan to its account. This is proof that we are fulfilling the commitments we set in the Recovery Plan. These funds will help us implement further important reforms and investments that will improve the lives of people in Slovakia,” said Kmec.
According to him, Slovakia is currently awaiting approval of the 6th payment request in a historic amount of nearly 1 billion euros, which was officially submitted on June 30. During the summer, the Office of the Deputy Prime Minister is also preparing the 7th payment request, which will be submitted in the fall of this year. The implementation of the Recovery Plan will conclude with Slovakia submitting the last two, namely the 8th and 9th payment requests in 2026. (July 10)
