NextGenerationEU: European Commission endorses Slovenia’s €2.5 billion recovery and resilience plan

(Credit: Unsplash)

This article is brought to you in association with the European Commission.


The European Commission has today adopted a positive assessment of Slovenia’s recovery and resilience plan, a key step paving the way for the EU to disburse €1.8 billion in grants and €705 million in loans under the Recovery and Resilience Facility (RRF). This financing will support the implementation of the crucial investment and reform measures outlined in Slovenia’s recovery and resilience plan. It will play a key role in enabling Slovenia to emerge stronger from the COVID-19 pandemic.

The RRF is at the heart of NextGenerationEU which will provide €800 billion (in current prices) to support investments and reforms across the EU. The Slovenian plan forms part of an unprecedented coordinated EU response to the COVID-19 crisis, to address common European challenges by embracing the green and digital transitions, to strengthen economic and social resilience and the cohesion of the Single Market.

The Commission assessed Slovenia’s plan based on the criteria set out in the RRF Regulation. The Commission’s analysis considered, in particular, whether the investments and reforms set out in Slovenia’s plan support the green and digital transitions; contribute to effectively addressing challenges identified in the European Semester; and strengthen its growth potential, job creation and economic and social resilience.

Securing Slovenia’s green and digital transitions  

The Commission finds that Slovenia’s plan devotes 42% of its total allocation to measures that support climate objectives. Measures to support securing Slovenia’s green transition include investments to promote renewables, increase the energy efficiency and seismic renovation of buildings, promote climate change adaptation, and upgrade rail infrastructure.

The Commission finds that the Slovenia’s plan devotes 21% of its total allocation to measures that support the digital transition. These include efforts to digitalise the public administration, investments in connectivity and digital skills and for the digitalisation of businesses.

Reinforcing Slovenia’s economic and social resilience

The Commission considers that 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 addressed to Slovenia by the Council in the European Semester in 2019 and in 2020. It includes important reforms on long-term care, healthcare, pensions and labour market, education and skills, R&D and innovation, business environment and public procurement.

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.

Supporting flagship investment and reform projects

The Slovenian plan proposes projects in seven European flagship areas. These are specific investment projects, which address issues that are common to all Member States in areas that create jobs and growth and are needed for the twin transitions. For instance, as part of the reskill and upskill flagship, Slovenia has proposed to provide €114 million to strengthen digital skills and competences of students, employees and public servants, either as part of the modernisation of the education system or through life-long learning.

The assessment also finds that none of the measures included in the plan significantly harm the environment, in line with the requirements laid out in the RRF Regulation.

The control systems put in place by Slovenia are considered adequate to protect the financial interests of the Union. The plan provides sufficient details on how national authorities will prevent, detect and correct instances of conflict of interest, corruption and fraud relating to the use of funds.

Members of the College said:

President Ursula von der Leyen said: “Today, the European Commission has decided to give its green light to Slovenia’s recovery and resilience plan. It combines investments for the green and digital transitions, with reforms of long-term care, healthcare, and pension systems for the benefit of all Slovenian citizens. I am proud that NextGenerationEU will provide €2.5 billion in financing to make this possible.”

Valdis Dombrovskis, Executive Vice-President for an Economy that Works for People, said: “This forward-looking recovery plan will help Slovenia to emerge stronger after the crisis and get onto a greener and more digital path. From its commitment to boost energy-efficiency and the seismic renovation of buildings to digital transformation of its public administration and healthcare systems, these investments will benefit Slovenia’s economy and society for many years to come. There is also a strong social dimension, with reforms to national pension and healthcare and care sectors to improve social protection, along with skills-enhancement programmes and better access to affordable housing. We welcome the coherent mix of reforms and investments that should produce real change in Slovenia. Now it is time to put it into practice.”

Paolo Gentiloni, Commissioner for Economy, said: “Slovenia begins its presidency with the good news that the Commission has approved its recovery and resilience plan: an extensive programme of investments and reforms that will deliver real benefits for the Slovenian people for years to come. The plan will give a significant boost to public investment. It contains no fewer than 50 initiatives ranging from building renovations to the improvement of water systems and from upgraded rail infrastructure to the digitalisation of public services. I particularly welcome the commitments to strengthen the health system and boost the supply of affordable housing. Last but not least, Slovenia’s competitiveness will be enhanced by measures to increase competition, modernise in public procurement, strengthen capital markets and reduce the administrative burden.”

Next steps

The Commission has today adopted a proposal for a decision to provide €1.8 billion in grants and €705 million in loans to Slovenia under the RRF. The Council will now have, as a rule, four weeks to adopt the Commission’s proposal.

The Council’s approval of the plan would allow for the disbursement of €231 million to Slovenia in pre-financing. This represents 13% of the allocated grant amount for Slovenia.

The Commission will authorise further disbursements based on the satisfactory fulfilment of the milestones and targets outlined in the recovery and resilience plan, reflecting progress on the implementation of the investments and reforms. 

the sting Milestones

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

The EU Parliament slams Commission on economic governance

Antitrust: Commission sends Statement of Objections to O2 CZ, CETIN and T-Mobile CZ for their network sharing agreement

Take Care of In Order to Be Taken Care of

3 reasons why embracing the circular economy can be powerful for middle income countries

6 innovative technologies about to transform our infrastructure

Why growth is now a one way road for Eurozone

Female leaders warn about the erosion of women’s rights

Statement by Frans Timmermans, Executive Vice-President for the European Green Deal, on the announcement to postpone the COP26

Halt death sentences on children, UN rights expert urge Saudi authorities

This is how Britain saved some of its most precious wildlife from the threat of extinction

How to put people at the heart of your company’s COVID-19 response

‘Whole spectrum of Afghan society’ must get behind peace talks, UN envoy tells Security Council

EU regions get additional 47.5 billion EUR to tackle local effects of COVID-19

These artists created a huge open library – and their idea’s gone global

Commission refers Denmark to the Court for failing to fulfil its obligations in relation to the name “Feta”

Mine action is at ‘the nexus’ of peace, security and development: UN official

WEF Davos 2016 LIVE: The health of capitalism won’t be the only worry for those who head for Davos

China’s stock markets show recovery signs while EU is closely watching in anticipation of the €10bn investment

Does the Commission subsidise a forced labour scheme in Britain?

One for all? Are physicians prepared to deliver care to the LGBTQIA+ community?

UN chief lauds Fijians as ‘natural global leaders’ on climate, environment, hails ‘symbiotic relationship’ with land and sea

How start-ups will lead India through the Fourth Industrial Revolution

This one small change could transform education for millions

Why rich countries are seeing more poverty

World Wildlife Day: UN chief urges ‘more caring’ relationship with nature

EU approves close to €240 million to strengthen resilience in neighbouring countries hosting Syrian refugees in light of the coronavirus pandemic

Third Facebook-Cambridge Analytica hearing: data breach prevention and cures

De-escalate now, to steer Yemen off ‘precarious path’, UN Security Council hears

Brexit: Six more months of political paralysis or a May-Corbyn compromise?

Golden Pen of Freedom Awarded to Murdered Saudi Journalist Jamal Khashoggi during World News Media Congress 2019

Questions and Answers on the EU Digital Covid Certificate

The fires in the Brazilian amazon rainforest may be related to the increase in the number of hospitalizations for respiratory complications in the state of PARÁ

Why does the whole world want Britain to stay in the EU?

EU citizens disenchanted with Economic and Monetary Union over rising poverty and high unemployment

Your next pair of sneakers could be made from coffee

Mental health in times of a pandemic: what can each individual do to lessen the burden?

Migration crisis: how big a security threat it is?

Reducing deforestation means getting serious about environmental crime

Security Council should ‘nurture’ Colombian consensus against return to violence, top UN official urges

This is the most sustainable way to use fashion – and it’s not renting clothes

Collaboration: the key to success in the digital economy

Lessons in disaster relief from the world’s most cyclone-battered state

Happy workers are more productive, research shows

Women to save Europe’s own labour resources

Food system failures in our age of abundance

Tuesday’s Daily Brief: Libya civil war, African displacement, global trade tensions, terrorists’ children ‘secretly detained’, and more

Trade, taxes and other takeaways from Li Keqiang’s speech to the World Economic Forum

The European Sting @ European Business Summit 2014 – the preview

UNICEF urges ‘transformative shift’ in family-friendly work policies to reap ‘huge’ benefits

Ecofin: ‘The Friday battle’ for the banking union

Boosting the EU’s green recovery: Commission invests €1 billion in innovative clean technology projects

Guarantee of mental health’s stability in times of pandemic

Mobile technology: health in your hands

Digital Finance Package: Commission sets out new, ambitious approach to encourage responsible innovation to benefit consumers and businesses

Parliament demands ban on neo-fascist and neo-Nazi groups in the EU

The new era of Matriarchy?

The role companies play in boosting growth in emerging markets

A Sting Exclusive: “Our ambition is by 2020 Indonesia to become an emerging power of World’s Maritime Access”, reveals the Chargé d’Affaires at the Embassy of Indonesia in Brussels, treating WEF, ASEAN and EU-Indonesia relations on the eve of the World Economic Forum East Asia 2015 in Jakarta

Want a sustainable business? Hire in talent

Sustainable development demands a broader vision, says new OECD Development Centre report

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s