First EU recovery fund transfers expected before end of June

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Andrej Šircelj (Photo: Danijel Novakovič/STA)

By: Z.P., STA

Finance Minister Andrej Šircelj expects that the first transfers from the EU’s recovery fund will be made during Portugal’s EU presidency in the first half of this year, as member states including Slovenia are rushing to ratify the legal basis and draw up national recovery plans.

“We’ll hurry up as best as we can so that this project regarding the entire recovery package commences as soon as possible,” Šircelj told Slovenian reporters after an online session of EU finance ministers. Unofficial information indicates that the ratification by the National Assembly of the legal basis, called the Own Resources Decision, is planned in March.

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