Brussels OKs fourth RRF grant request
The European Commission has endorsed a positive preliminary assessment of Greece’s fourth payment request for 998.6 million euros in grants (net of pre-financing) under the Recovery and Resilience Facility, the centerpiece of NextGenerationEU, on Wednesday.
Following its assessment of the payment request submitted on June 6, the Commission has preliminarily concluded that Greece has satisfactorily completed the 16 milestones and four targets, set out in the Annex of the Council Implementing Decision for the fourth installment.
Eight reforms and 12 investments will drive positive change for citizens and businesses in Greece in the areas of renewable energy and energy efficiency, water management and reforestation, healthcare, education and vocational training, taxation, the justice system, and road and sports infrastructure.
Flagship measures in this payment request include: reforestation and fire prevention; ensuring energy security and making the Greek electricity system fit for more renewables; and improvement of the justice IT system.
The Commission has now sent its preliminary assessment of Greece’s fulfillment of the milestones and targets required for this payment to the Economic and Financial Committee (EFC), which has four weeks to deliver its opinion.
The payment to Greece can take place following the EFC’s opinion, and the adoption of a payment decision by the Commission.
