European Commission
NextGenerationEU: Commission receives payment request from Spain for €10 billion under the Recovery and Resilience Facility
The Commission has received the first payment request from Spain under the Recovery and Resilience Facility (RRF) for a disbursement of €10 billion in financial support (net of pre-financing). Spain's overall recovery and resilience plan will be financed by €69.5 billion in grants. Payments under the RRF are performance-based and contingent on Spain implementing the investments and reforms outlined in its recovery and resilience plan. This first payment request relates to 52 milestones covering several reforms in the areas of sustainable mobility, energy efficiency, decarbonisation, connectivity, public administration, skills, education and social, labour and fiscal policy.
The Commission now has two months to assess the request. It will then send its preliminary assessment of Spain's fulfilment of the milestones and targets required for this payment to the Council's Economic and Financial Committee. More information on the process of the payment requests under the RRF is available in this Q&A. More information on the Spanish recovery and resilience plan is available here.
Share this article:
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.
Stepping out...to get the UK back in European Union
Europe must not turn its back on rural women’s empowerment
Commission accelerates transition away from animal testing in chemical safety assessments
Counterfeit cigarettes drive illicit tobacco trade to highest level in a decade, new study claims
High-speed drama shatters Monaco’s tranquil façade
Republic of Moldova joins European Patent Organization as 40th member state
Commission proposes new authorization for mobile satellite services for EU's resilience and competitiveness
Commission disburses €7.2 billion to Poland under NextGenerationEU
Inconvenient questions about Andorra and San Marino that Brussels should be asking
How digital wallets are changing the way Welsh consumers pay for online services
Impasse in European Union Tobacco Tax Reform: The Swedish veto
EU Cybersecurity Act could expose member states to costly investment treaty claims, legal opinion warns
Várhelyi says unilateral measures by the US against the EU ‘would not be justified’
Libya’s fuel crisis offers lessons for energy security on both sides of the Mediterranean
490+ experts call for €10 billion ring-fenced health allocation in EU budget
ENVI opinion signals early resistance to Biotech Act SPC extension
Kazakhstan reforms under scrutiny at Brussels Press Club round table
Japan should face up to history and contribute more to regional peace
Ambassador calls for 'speeding up' of co-operation between EU and Kazakhstan
Timur Turlov at Smart Moves Summit 2025: How chess can transform global education
Shevtsova’s case: Out-of-court sanctions dismantling trust in Ukrainian cause
The future of European transport
Trump Vs Trueman
US 'no longer' an 'unconditional ally' for Europe - MEP
-
Brexit4 days agoStepping out...to get the UK back in European Union
-
Gender equality4 days agoEurope must not turn its back on rural women’s empowerment
-
Animal welfare4 days agoCommission accelerates transition away from animal testing in chemical safety assessments
-
Health2 days agoCounterfeit cigarettes drive illicit tobacco trade to highest level in a decade, new study claims