Brussels (APA) – On Wednesday, the EU Commission sanctioned the allocation of 515.5 million euros to Austria as part of the NextGenerationEU recovery initiative. This funding will support reforms aimed at enhancing working conditions in long-term care, implement a repair bonus program, and invest in 17,500 photovoltaic systems on residential properties. Austria’s recovery plan, totaling approximately four billion euros, has reached a disbursement rate of 84 percent.
According to the EU Commission, the total funds allocated to Austria through the Recovery and Resilience Facility now amount to 3.33 billion euros, including 492 million euros in pre-financing. This figure represents 84 percent of the funds outlined in Austria’s plan, with 74 percent of the designated milestones and targets already met. The complete four billion euros for Austria is set to be provided as grants by 2026, contingent on performance.
Austria must achieve a series of “milestones” and “target values,” totaling 171 by 2026. In the initial payment request, 44 targets have already been accomplished. A sum of 1.15 billion euros has been allocated to 27 reform projects and 32 investment initiatives, focusing on sustainability and digitalization alongside social and cultural facets. The second payment request, amounting to 1.6 billion euros, was aimed at reforms supporting investment in digitalization, health, pensions, taxation, and the transition away from fossil heating systems.
Aiming for a More Sustainable and Resilient Europe
The Recovery and Resilience Facility was established to assist Europe in recovering from the COVID-19 pandemic and is the core component of the NextGenerationEU recovery instrument. The primary objective, as stated by the Commission, is to enhance the sustainability, digitalization, and resilience of Europe. A total of up to 672.5 billion euros (at 2018 prices) is intended to support investments and reforms, with 312.5 billion euros designated for grants and 360 billion euros for loans. (26.11.2025)
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