Lithuania has received its first 360-million-euro soft loan under the EU Recovery and Resilience Facility (RRF).
The European Commission transferred the funds to Lithuania on Wednesday, the Finance Ministry said.
The government last December requested a loan payment of 387 million euros, but the funds were disbursed after deducting the advance already paid out.
“We are confidently moving forward implementing the necessary steps for Lithuania, this time in the areas of social security, health system, national defence, and green finance,” Finance Minister Gintarė Skaistė said in a press release.
“Thanks to these reforms, we have received funds for further investments for both businesses and people,” she said.
Last October, the Commission approved an updated package of 3.85 billion euros in RFF funding for Lithuania, consisting of 2.3 billion euros in EU grants and 1.55 billion euros in loans.
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