Lithuania has received a pre-financing payment of 289 million euros from the European Commission under the Recovery and Resilience Facility (RRF), the Finance Ministry reports. This amounts to 13% of total allocations for Lithuania.
The pre-financing payment will help to kick-start the implementation of the crucial investment and reform measures outlined in Lithuania’s recovery and resilience plan, the EC says.
“The first disbursement for Lithuania will kick-start the implementation of a recovery and resilience plan built for success. NextGenerationEU is powering a more sustainable, a more digital and a more resilient future for Lithuania. An ambitious digitalisation plan and reforms in education and research will give a boost to Lithuania’s innovation and competitiveness,” EC President Ursula von der Leyen was quoted in a statement.
According to the Finance Ministry, the funds will be used to make a pre-payment for 200 MW batteries, as well as to upgrade government IT systems. Forty out of 325 state agencies will get their systems moved into a centralized cloud computing infrastructure.
The money will also be used to promote investments into scientific research, experimental development and innovation.
Lithuania is set to receive 2.22 billion euros in grants under the RRF. (LRT/Business World Magazine)
