Comparison of the implementation and components of submitted National Recovery Plans by individual Visegrad Group countries

Bachelor thesis compares the structure, content, and implementation of submitted National Recovery Plans by individual Visegrad Group countries. The analysis is focusing on the process of drafting and approval of each National Recovery Plan (considering the influence of tensions between the European Union and both Hungary and Poland which were accused of non-compliance with the Rule of Law principles), digital and green transition, and finally the effects of the NextGenerationEU financial instrument on the Visegrad Group countries. The thesis also describes the contemporary level of climate vulnerability and the level of digitization of economies. The beforementioned are further compared to their corresponding financial allocation. Moreover, the content of each National Recovery Plan is analyzed using several classifications. The analytical conclusion is an evaluation of the financial incentive impact on the countries of the Visegrad Group, both in terms of macroeconomic impact and national implementation. The obtained results show that the Recovery and Resilience Facility has a redistributive character – the volume of financing increases with lower economic performance. In context of the Visegrad Group countries, Slovakia benefits the most from the Facility, while Czechia receives the least. Additionally, to the direct financial stimulus from the Recovery and Resilience Facility, Gross Domestic Product growth will be strongly supported by the spillover effect (from other countries), which will be noticeable especially in small open economies. In conclusion, the Visegrad Group countries choose different approaches to their National Recovery Plan. Slovakia, a eurozone member, has embarked on a path of inclusive content creation of its Recovery Plan - it has involved representatives of nongovernmental and nonprofit subjects, the professional community, and the government opposition. On the other hand, mainly governments prepared the National Recovery Plans in Czechia, Poland, and Hungary - the general public and professional community played only a limited role in these cases.