Czechia's National Recovery and Resilience Plan: Latest state of play

To benefit from the Recovery and Resilience Facility (RRF), the unprecedented EU response to the crisis triggered by the coronavirus pandemic, Czechia has decided to use the grant component of its national allocation, without requesting loans. The targeted resources total €7 036 million and represent 1 % of the entire RRF. They amount to 3.1 % of the country’s gross domestic product (GDP) in 2019 (the RRF being 5.2 % of EU-27 GDP in 2019). To receive this support, Czechia has prepared a National Recovery and Resilience Plan (NRRP), a broad programme of reforms and investments that seeks to underpin the recovery of the Czech economy, while advancing the green and digital transition and addressing a number of existing structural weaknesses. In addition to the EU support, Czechia has included in its plan a subset of reforms and investments equal to €449 million, which, while integrated into the structure of the plan, are not included in the RRF financing and will be financed from national resources. Measures under the plan are to be completed by 2026. Following the Council’s approval, Czechia has received €915 million in pre-financing, equivalent to 13 % of its total financial allocation. The next payments, divided into nine six-monthly instalments, will depend on progress in implementing the plan. The European Parliament, which was a strong advocate for a common EU recovery instrument, participates in interinstitutional cooperation and discussions on its implementation and scrutinises the work of the European Commission.