European Commission approves fifth recovery fund payment for Czechia

The European Commission has approved Czechia’s fifth request for payment from the EU recovery fund, worth €614 million, the Commission said in a statement. The money, expected to be paid in March, comes from the Recovery and Resilience Facility and targets projects focused on affordable housing, sustainable mobility and railway infrastructure. According to the Commission, Czechia has satisfactorily met 29 milestones and targets. Key measures include new legislation on affordable housing, the purchase of zero-emission vehicles and energy-efficient renovations of buildings. The funds are part of the EU’s post-pandemic recovery programme NextGenerationEU, through which Czechia is implementing its national recovery plan.