Connect with us

European Commission

Commission disbursed the third payment of €293 million to Latvia under the Recovery and Resilience Facility

SHARE:

Published

1 month ago

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

On Friday, 9 May, the Commission disbursed €293 million in grants to Latvia as its third payment under the Recovery and Resilience Facility (RRF).

On 28 December 2024, Latvia submitted to the Commission the third request for payment under the RRF. The request covers 27 milestones and 11 targets, which relate to several reforms – for example, in the areas of the green transition, digital transformation, and health care; as well as investments, for buying 35,000 laptops for pupils from socially vulnerable groups, in new facilities for long-term care services, and to strengthen the capacity of public administration.

On 18 February 2025, the Commission adopted a positive preliminary assessment of Latvia' s payment request. The favorable opinion of the Economic and Financial Committee of the Council on the payment request paved the way for the Commission to adopt a final decision on the disbursement of the funds.

The overall recovery and resilience plan of Latvia is financed by €1.97 billion in grants. This disbursement brings the funds paid out to Latvia under the Recovery and Resilience Facility to €1 billion, which corresponds to 56% of all the funds in the Latvian recovery and resilience plan, with 38% of the milestones and targets in the plan fulfilled.

An interactive map providing examples of reforms and investments supported by the Recovery and Resilience Facility is available online. More information on the RRF payment claim process can be found equally online.

Economy and Productivity, Implementation and Simplification Commissioner Valdis Dombrovskis (pictured) said: “Another major milestone reached. Today's disbursement of €293 million under the Recovery and Resilience Facility is very good news for Latvia and its citizens. It supports important reforms and funds investments which bring tangible benefits for Latvia's inhabitants, for example, providing 35,000 laptops to pupils and constructing more than 300 low-rent apartments across Latvia's regions. The Recovery and Resilience Facility continues to deliver results that are making a real difference in Latvia and across Europe.”

Advertisement

Share this article:

Related Topics:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Advertisement

Trending