The European Commission gave a positive preliminary assessment of the request for the payment of the 3rd installment of the NPOO in the amount of EUR 700 million
On July 24, the Croatian Government sent a request for the payment of the third installment within the framework of the National Recovery and Resilience Plan, worth 700 million euros, and yesterday the European Commission assessed that all 45 reforms and investments have been fulfilled, which is a prerequisite for the payment of the third installment of NPOO grants -And.
With payments from the EU's Recovery and Resilience Mechanism, over 2.2 billion euros have been paid to Croatia so far, that is, over 40% of the total available 5.5 billion euros in grants. After the payment of the third installment of the NPOO, that amount will reach 2.9 billion euros for the implementation of investment projects in Croatia.
With the positive assessment of the European Commission that we have fulfilled all 45 of the foreseen 45 indicators within the third installment of the NPOO, the total number of successfully fulfilled indicators since the beginning of the implementation of the National Recovery and Resilience Plan has reached 104 out of the planned 104, which confirms the Government's determination to implement reforms and investment.
"After the European Commission's positive assessment of the fulfillment of all reforms and investments within the third installment of the NPOO, we expect a payment of EUR 700 million in grants by the end of this year. Croatia will be the first country in the European Union to have paid more than 50% of available grants under the EU Recovery and Resilience Mechanism. By implementing capital projects within the framework of NPOO, we enable faster growth and greater resilience of the Croatian economy and directly increase the quality of life of Croatian citizens,'' Prime Minister Andrej Plenković said on this occasion.
In total, over 4.1 billion euros of tenders and invitations from the National Recovery and Resilience Plan have been realized so far, or are still open. The high-quality absorption of funds triggers investments in the construction of kindergartens, primary schools and gymnasiums and centers for the elderly throughout Croatia, tourism, health and transport infrastructure, as well as projects in the fields of energy, water supply, tourism, science and earthquake reconstruction.