NextGenerationEU: European Commission endorses Austria’s recovery and resilience plan

The European Commission has adopted a positive assessment of the recovery and resilience plans of Austria. This is an important step towards disbursing €3.5 billion in grants under the Recovery and Resilience Facility (RRF). This financing will support the implementation of the crucial investment and reform measures outlined in each Member State’s recovery and resilience plan. The RRF will play an important role in enabling them to emerge stronger from the COVID-19 pandemic. The Commission assessed the plan based on the criteria set out in the RRF Regulation. The Council will now have, as a rule, four weeks to adopt the Commission’s proposals. The RRF – at the heart of NextGenerationEU – will provide up to €672.5 billion (in current prices) to support investments and reforms across the EU.