The European Commission has paid Croatia the sixth installment under the Recovery and Resilience Mechanism, amounting to €835.6 million.
“Reforms and investments linked to this payment will drive positive changes for Croatian citizens and businesses, particularly in healthcare, the fight against corruption, geothermal energy research and hydrogen development, water resource management, natural disaster resilience, island electricity grids, and energy security,” the Commission said in a statement.
This payment covers 26 key milestones and targets, which the Commission confirmed had been met.
With this tranche, Croatia has now received a total of €5.3 billion, representing around 53% of the total allocated funds, including the initial pre-financing received after the adoption of its plan. Croatia’s Recovery and Resilience Plan is financed through a combination of grants and loans totaling €10 billion.
Croatia submitted its request for the sixth payment on December 20 last year, but later asked for an eight-week delay as the necessary legal framework to redefine and improve the governance of state-owned companies had not yet been adopted.