Italy will hit end-of-year PNNR targets says Giorgetti

(ANSA) - ROME, DEC 2 - Economy Minister Giancarlo Giorgetti said Friday that Italy was on track to meet the targets set by the European Commission for the end of the year for its National Recovery and Resilience Plan (NRRP, or PNRR in Italian).
    The post-COVID-19 NRRP seeks to make the Italian economy Greener and more modern with a massive investment programme based on almost 200 billion euros in EU grants and low-interest loans conditional on Rome approving a series of reforms.
    "We are working are to achieve the 55 NRRP objectives for the second half of 2022 in order to be able to present Brussels with the request for the third payment tranche in time," Giorgetti said.
    "We are already at a good point and we will certainly hit this target".
    European Economy Commissioner Paolo Gentiloni, meanwhile, said that Premier Giorgia Meloni's government was "doing a good job" on the NRRP, like the previous administration of ex-premier Mario Draghi had.
    He also said that Brussels was "ready to cooperate to solve bottlenecks"after European Affairs Minister Raffaele Fitto said Italy's NRRP spending for this year was set to be off target in a big way, coming in at well under 22 billion euros, while the initial objective had been 42 billion. (ANSA).