Czech Republic and a significant step to obtain part of the funding from the National Recovery Plan

The Czech Republic has submitted its first request to the European Commission (EC) to disburse funds from the National Recovery Plan (NRP). If the EC’s assessment of the achievement of all milestones and targets is positive, the Czech Republic will receive €1,066,888,563 out of €7.1 billion. If the Czech Republic continues to implement its plan, it can draw down grants totalling €7.1 billion, spread over nine payments. The NRP was created in response to the crisis caused by the covid-19 pandemic and its economic impact. It consists of reforms and investments that have the potential to steer the Czech Republic toward a green and digital future.

The first payout is linked to reforms and investments successfully implemented across many departments. These reforms and investments include:

A new construction law that will speed up and simplify the building permitting process,
a new law on courts and judges as part of anti-corruption reforms,
over four thousand secondary and primary schools have been equipped with digital devices. New educational programmes to strengthen digital literacy and computational thinking were also approved,
transport projects have resulted in increased crossings with improved safety levels, the extension of constructed cycle paths, sidewalks, and barrier-free routes, or the completion of upgraded railway bridges or tunnels.

The main objectives of the National Recovery Plan are to increase economic prosperity and quality of life. The plan has six pillars: digital transformation, environmental transformation and physical infrastructure, education and labour market, research, development and innovation, public administration, and health. The Recovery and Resilience Instrument is at the heart of NextGenerationEU, which will provide €800 billion to support investment and reform across the European Union.

Source: MPO.cz