Economic and Financial Affairs

The second annual report on the implementation of the Recovery and Resilience Facility (RRF) shows that the Commission has disbursed €153.4 billion for the delivery of agreed investments and reforms. The report casts light on the high level of transparency which characterises the instrument, and provides information on the Commission's actions to strengthen audit and control over the RRF.

Italy's fourth payment request, which is worth €16.5 billion, relates to 21 milestones and seven targets covering several reforms in the areas of social inclusion, public procurement and investments related to digitalisationthe development of the space industry, green hydrogen, transport, research, education and social policies.

Slovakia’s third payment concerns 21 milestones and 6 targets. The reforms include measures to promote renewables, boost the green renovation of buildings and setting up an industry decarbonisation scheme. The investments include the greening of the national police force vehicle fleet, by providing them with electric and hybrid vehicles.

The Commission has endorsed a positive preliminary assessment of Estonia's payment request for €286 million of grants. Estonia submitted a payment request based on the achievement of the 28 milestones and 1 cover reforms and investments related to energy, green and digital transition, labour market, health and long-term care, green skills, innovation and transport.

The Commission has paid €1.5 billion under the Macro-financial Assistance + package for Ukraine, worth up to €18 billion. With this instrument, the EU seeks to help Ukraine cover its immediate funding needs, with stable, predictable and sizeable financial support in 2023. With today's payment, Ukraine has so far received €13.5 billion this year under Macro-financial Assistance +.

The European Investment Bank has approved framework financing of up to €1.7 billion for Solaria to support the construction of some 120 photovoltaic power plants mostly located in Spain, as well as Italy and Portugal. The project is backed by the InvestEU programme.