€42.8 Billion to Five EU Member States: New EC Payment for Recovery and Resilience

The European Commission allocated a total of €42.8 billion to Italy, Portugal, Cyprus, Malta, and Spain under the Recovery and Resilience Facility (RRF) – a key component of the NextGenerationEU programme. The funds are part of the EU’s efforts to stimulate economic growth and strengthen the resilience of Member States, and are disbursed upon the achievement of the reforms and investments set out in the national recovery plans.

Spain – €23.1 billion

The Commission granted €23.1 billion to Spain, marking the country’s fifth RRF payment. This tranche consists of €7 billion in loans and €16 billion in grants. It covers 82 out of 84 milestones and targets, including key steps in the implementation of 20 reforms and 49 investments.

The reforms and investments include measures to promote the deployment of and investment in renewable energy, to cut red tape and improve the connection of clean energy sources to the electricity grid, and to establish a Sustainable Finance Council as a forum for fostering public–private cooperation in this field.

To date, Spain has received €71 billion under the RRF, representing 44% of the total €163 billion allocated to its recovery plan.

Italy – €18.3 billion

Italy’s seventh RRF payment includes €4.6 billion in grants and €13.7 billion in loans, covering 31 milestones and 33 targets linked to 10 reforms and 46 investments. In the energy sector, the country has increased its renewable energy distribution capacity by 1,848 MW through the installation of new substations, the modernisation of existing ones, and the reinforcement of electricity distribution lines.

To date, Italy has received €140.4 billion, amounting to 72% of the €194.4 billion allocated to its plan.

Portugal – €1.34 billion

The sixth payment covers 32 milestones and targets in areas such as healthcare, housing, wildfire management, renewable energy, and the business environment. A key reform aims to improve insolvency proceedings by facilitating corporate restructuring. Investments are also being directed towards expanding national care networks for persons with disabilities.

To date, Portugal has received €11.4 billion, representing 57% of the €22.2 billion allocated to its plan.

Cyprus – €76 million

The Commission has made a €76 million payment to Cyprus, representing its fourth RRF instalment. This tranche covers 17 milestones and 6 targets focused on expanding e-government services, improving corporate transparency through a public register of beneficial owners, and digitising health services – especially in a cross-border context. The reforms and investments will also simplify property title issuance and transfers, and introduce digital solutions to facilitate business transactions.

To date, Cyprus has received €568 million, representing 46.5% of the €1.22 billion allocated to its plan.