Commission endorses Slovenia’s recovery plan

Slovenian Prime Minister Janez Jansa (R) welcomes the President of the European Commission Ursula von der Leyen during an official meeting of the European Commission at Brdo castle and Congress centre near Kranj, Slovenia, 01 July 2021. [EPA-EFE/TOMI LOMBAR]

The European Commission has endorsed Slovenia’s €2.5 billion national recovery and resilience plan, allowing the country to draw €1.8 billion in grants and €705 million in loans under the Recovery and Resilience Facility (RRF), pending confirmation by member states.

Slovenia will use the funds, equivalent to 5.4% of the country’s GDP, to support 33 reforms and 50 investments. The plan earmarks 42.4% for green transition goals and 21.4% for digital goals, with 30% set aside for the promotion of smart and inclusive growth, 15% for health, and 13% for digital transformation.

The main investment areas include energy efficiency and seismic renovation of buildings (€230 million), investments in railway infrastructure (€292 million), and €305 million to support private investments and reforms to improve the business environment.

In the digital segment, €114 million has been set aside for digital literacy and lifelong learning, €83 million for digitalisation of healthcare, and €44 million for the digital transition of business.

Some €79 million in spending is planned to set up a long-term care system, €110 million for increasing the resilience of the health system, €60 million for affordable housing, and €28 million for a faster entry of the young into the labour market.

The Commission said the Slovenian plan includes “an extensive set of mutually reinforcing reforms and investments that contribute to effectively addressing all or a significant subset of the economic and social challenges outlined in the country-specific recommendations.”

The plan represents “a comprehensive and adequately balanced response to Slovenia’s economic and social situation, thereby contributing appropriately to all six pillars referred to in the RRF Regulation.” (Sebastijan R. Maček | STA)

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