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Recovery and Resilience Facility: Hungary submits official recovery and resilience plan

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The Commission has received an official recovery and resilience plan from Hungary. This plan sets out the reforms and investment projects that Hungary plans to implement with the support of the Recovery and Resilience Facility (RRF). The RRF is the key instrument at the heart of NextGenerationEU, the EU's plan for emerging stronger from the COVID-19 pandemic. It will provide up to €672.5 billion to support investments and reforms (in 2018 prices). This breaks down into grants worth a total of €312.5bn and €360bn in loans. The RRF will play a crucial role in helping Europe emerge stronger from the crisis, and securing the green and digital transitions. The presentation of the plan follows intensive dialogue between the Commission and the Hungarian national authorities over the past months. The Commission will assess the Hungarian plan within the next two months based on the eleven criteria set out in the Regulation and translate its content into legally binding acts. The Commission has now received a total of 15 recovery and resilience plans, from Belgium, Denmark, Germany, Greece, Spain, France, Italy, Latvia, Luxembourg, Hungary, Austria, Poland, Portugal, Slovenia, and Slovakia. It will continue to engage intensively with the remaining member states to help them deliver high quality plans. A press release and a Q&A are available online.
 
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