Slovakia Receives €1.24 Billion from EU Recovery Plan to Support Modernization
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Slovakia has received €1.243 billion from the European Union's recovery plan, comprising the sixth and seventh payment installments. The funds are designated to support key reforms and investments aimed at modernizing the country and increasing its resilience. The EU recovery plan, formally known as the Recovery and Resilience Facility, was established to help member states recover from the COVID-19 pandemic and build more sustainable economies. Slovakia's allocation is part of the broader €750 billion NextGenerationEU program, which distributes funds based on countries meeting specific reform milestones and investment targets set by the European Commission.