Overview

• The European Commission released €18.3 billion to Italy as the seventh PNRR payment, comprising €4.6 billion in grants and €13.7 billion in loans.
• This tranche covers 31 intermediate milestones and 33 final targets linked to 10 structural reforms and 46 investments.
• Italy’s cumulative PNRR draw now totals €140.4 billion, equal to 72% of its €194.4 billion allocation under the Recovery and Resilience Facility.
• Key delivered measures include Italy’s 2023 Competition Law, accessibility upgrades at 10 rail stations and a 1,848 MW boost to renewable energy capacity.
• Italy has formally requested its eighth tranche, now under review by the EU Economic and Financial Committee, as Brussels also approved €42.8 billion for Portugal, Cyprus, Malta and Spain.