Brussels:The European Commission has approved Latvia's fifth and final payment request for €504 million under the Recovery and Resilience Facility, a key component of the NextGenerationEU initiative. This approval marks a significant milestone in implementing reforms and investments across critical sectors, including energy efficiency, flood risk infrastructures, health, digitalisation, housing, and transport.
According to European Commission - Lebanon, the Commission has confirmed that Latvia has satisfactorily met the 25 milestones and 31 targets associated with this final payment request as outlined in the Council Implementing Decisions.
Key measures included in this payment request cover various areas such as the completion of over 300 new affordable rental apartments, enhancements to higher education and scientific governance, and modernization efforts like railway electrification and the construction of new disaster management centers. Additionally, upgrades to flood-protection infrastructure and improvements in school and hospital facilities are also part of these initiatives.
The Commission has forwarded its preliminary assessment to the Economic and Financial Committee (EFC), which has a four-week window to provide its opinion. The payment to Latvia will proceed following the EFC's opinion and the Commission's adoption of a payment decision.
Latvia submitted its fifth payment request on September 30, 2026, as part of its broader recovery and resilience plan, funded with €1.97 billion in grants. The plan aims to address economic and social resilience, reduce inequalities, and tackle structural challenges through investments in green and digital transitions. The current payment will bring the total funds disbursed to Latvia to €1.97 billion, fulfilling 100% of the allocated funds once approved by the Council.
