The European Commission has published its fifth annual report on the progress of implementing the Recovery and Resilience Mechanism — a key component of the NextGenerationEU program. The document notes that the initiative is showing steady results as it approaches the final stage of implementation. The NextGenerationEU program was launched by the European Union in response to the economic consequences of the COVID-19 pandemic and provides substantial financing for reforms and investments in member states. The Recovery and Resilience Mechanism is its central instrument, through which states receive funds for modernizing their economies, including in digitalization and green transition sectors. According to the submitted report, the majority of planned indicators and implementation milestones have been achieved, demonstrating the effectiveness of program management at both the EU and individual state levels. The European Commission emphasizes that the completion of the main implementation cycle does not mean the end of the impact from invested funds — the long-term results of reforms and investments will continue to manifest in subsequent years. The publication of the report comes at a time when the European Union is assessing the effectiveness of anti-crisis mechanisms created in recent years and discussing prospects for the bloc's future financial policy. Details of the report, including statistics on individual countries and sectors, will be presented in the coming weeks as part of relevant discussions in EU institutions.