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Lithuania to Receive All Planned Billions in European Funds
๐Ÿ‡ฑ๐Ÿ‡น Lithuania /Economy & Trade

Lithuania to Receive All Planned Billions in European Funds

From Delfi · () Lithuanian

Translated from Lithuanian, summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • Lithuania is set to receive all planned EU recovery funds, with the final payment request submitted in September.
  • The country has already received 2.84 billion euros, exceeding the EU average in progress on recovery plan indicators.
  • All reforms are implemented, and most projects are completed, with only a few remaining to be finished by the end of July.

Lithuania is on track to receive its full allocation of European Recovery and Resilience Facility (RRF) funds, totaling billions of euros. The country is set to receive another 153 million euros with the sixth payment request, and plans to submit the final, seventh request in September for 995 million euros. This final request will cover the remaining indicators of the plan.

According to K. Vaitiekลซnas, nearly all operational activities are complete, and all planned RRF funds will be integrated into the Lithuanian economy. Only a minor amount, 8 million euros, remains subject to a deduction initiated by a previous government.

Lithuania has already secured 2.84 billion euros from the European Commission, representing 74.1% of its plan's value. The nation has settled 65% of its indicators, surpassing the EU average of 58%. The "New Generation Lithuania" plan has seen 158 out of 197 indicators met, with all reforms implemented.

Of the remaining 39 indicators, 28 have been achieved and require final settlement with the Central Project Management Agency (CPVA). The implementation of the other 11 indicators is expected by the end of July. Vaitiekลซnas stated that approximately 10 projects are still ongoing but are being closely monitored, with no current indications of delays.

DistantNews Editorial

Originally published by Delfi in Lithuanian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.