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Slovakia gets first tranche of EU Covid recovery funding

    

First payment of €822 million will support country’s plan to overhaul research and build supercomputer

The European Commission has released over €820 million in Covid recovery funding to Slovakia, for spending on projects including overhauling its research systems.

Under the rules of the EU’s vast Recovery and Resilience Facility countries can receive an initial 13 per cent of their total allocation as ‘pre-financing’ when plans for spending their shares are approved. In Slovakia’s case this amounts to €822.7 million, which the Commission paid on 13 October.

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