21 ADD 1) of 28 July 2021 on the approval of the assessment of the recovery and resilience plan for Croatia - Main contents

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dossier	COM(2023)744 - Amendment of Implementing Decision (EU) (ST 10687/21 INIT; ST 10687/21 ADD 1) of 28 July 2021 on the approval of the ...
document	COM(2023)744
date	November 21, 2023

Article 1

Implementing Decision (EU) ST 10687/21 is amended as follows:

(1) Article 1 is replaced by the following:

“Article 1

Approval of the assessment of the RRP

The assessment of the modified RRP of Croatia on the basis of the criteria provided for in Article 19(3) of Regulation (EU) 2021/241 is approved. The reforms and investment projects under the RRP, the arrangements and timetable for the monitoring and implementation of the RRP, including the relevant milestones and targets and the additional milestones and targets related to the payment of the loan, the relevant indicators relating to the fulfilment of the envisaged milestones and targets, and the arrangements for providing full access by the Commission to the underlying relevant data are set out in the Annex to this Decision.”;

(2) In Article 2, paragraphs 1 and 2 are replaced by the following:

“1. The Union shall make available to Croatia a financial contribution in the form of non-repayable support amounting to EUR 5 786 544 628.¹⁰ That contribution includes:

(a) an amount of EUR 4 631 762 551 that shall be available to be legally committed by 31 December 2022;

(b) an amount of EUR 878 553 662 that shall be available to be legally committed from 1 January 2023 until 31 December 2023;

(c) an amount of EUR 269 037 883 ¹¹, in accordance with Article 21a(6) of Regulation (EU) 2021/241, exclusively for measures referred to in Article 21c of that Regulation, with the exception of measures referred to in Article 21c (3), point (a);

(d) an amount of EUR 7 190 532, transferred from the Brexit Adjustment Reserve to the Facility.

2. An amount of EUR 55 245 683 shall be made available as pre-financing in accordance with Article 21d of Regulation (EU) 2021/241. That pre-financing may be disbursed by the Commission in up to two payments.

The pre-financing and instalments may be disbursed by the Commission in one or several tranches. The size of the tranches shall be subject to the availability of funding.”.

(3): The following Article 2a is inserted:

“Article 2a
Loan support

1. The Union shall make available to Croatia a loan amounting to a maximum of EUR 4 254 156 972.

2. The loan support referred to in paragraph 1 shall be made available by the Commission to Croatia in instalments in accordance with the Annex to this Decision.

3. An amount of EUR 529 884 336 shall be made available as pre-financing in accordance with Article 21d of Regulation (EU) 2021/241. That pre-financing may be disbursed by the Commission in up to two payments.

The pre-financing and instalments may be disbursed by the Commission in one or several tranches. The size of the tranches shall be subject to the availability of funding.

4. The pre-financing referred to in paragraph 2 shall be released subject to the entry into force and in accordance with the loan agreement. Pre-financing shall be cleared by being proportionally deducted against the payment of the instalments.

5. The release of instalments in accordance with the Loan Agreement shall be conditional on available funding and a decision by the Commission, taken in accordance with Article 24 of Regulation (EU) 2021/241, that Croatia has satisfactorily fulfilled the additional milestones and targets covered by the loan and identified in relation to the implementation of the modified RRP including the REPowerEU chapter. In order to be eligible for payment, Croatia shall complete the additional milestones and targets no later than 31 August 2026.”;

(4) The Annex is replaced by the text in the Annex to this Decision:

Article 2
Addressee

This Decision is addressed to the Republic of Croatia.