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The Government adopts recovery and resilience plan

The Government has adopted a National Recovery and Resilience Plan (NRRP), which sets out reforms and reform objectives, and the measures and investments linked thereto, for the period until 2026.

The plan will serve as the basis for drawing funds from the EUR 750 billion EU recovery facility

The plan will serve as the basis for drawing funds from the EUR 750 billion EU recovery facility | Author PT pictures/stock.adobe.com

The plan will serve as the basis for drawing funds from the EUR 750 billion EU recovery facility. The allocation for the implementation of Slovenian measures amounts to EUR 2.47 billion.

Slovenia has identified the development areas with associated reforms and investments that will contribute to mitigating the negative economic and social impacts of the COVID-19 epidemic and prepare the country for the challenges posed by the green transition and digital transformation.

The plan foresees the use of EUR 1.8 billion in grants and approximately EUR 666 million in loans.

Slovenia's aim is to use the proposed recovery and resiliency plan to stimulate the economic, social and territorial cohesion of the European Union, which can be achieved through balanced reforms based on a green and digital transition. In this way, the economy’s resilience will improve, which in turn will make it possible to reach the pre-crisis level of economic growth. Slovenia will achieve this through the digital transformation of certain sectors of the economy and society, together with reduced administrative burdens and the greater openness and flexibility of the Slovenian economy.

Extensive investment in the environmental, transport, energy, education, healthcare, social and other infrastructure, which can significantly contribute to economic growth, will play a key role.

In the first phase, Slovenia will take advantage of funds that are available as non-refundable grants in full, i.e. EUR 1.8 billion, and slightly less than 0.7 billion euro in refundable grants. Under this plan, the funds will be directed into four key areas:

the green transition,

digital transformation,

smart and sustainable growth, and

healthcare, social security, and housing.

The Government has focused on projects that can be realised by the end of 2026. The implementation of measures that it will not be possible to finance from the recovery fund will be financed from the multi-annual framework, where EUR 1.4 billion in funds is still available.