EC Approves Estonia’s 1bn Recovery Plan

Reading Time: < 1 minute

Estonia’s one-billion-euro recovery plan was approved by the European Commission on Sunday, the country’s finance minister Keit Pentus-Rosimannus announced. The funds will be spent on digital and environmental projects as part of the EU’s Green New Deal and Next Generation schemes.

Of the money, 200 million euros will be spent on modernising company structures and greening measures, to move towards carbon neutrality. The same amount will be spent on digital transition. Funds will also be allocated to Tallinn’s ferry harbour tramline extension and the Ülemiste public transport hub.

Source: ERR

CET Editor

Recent Posts

Teltonika drops EUR 3.5bn ‘dream’ project in Vilnius

Teltonika has announced it is halting the construction of its EUR 3.5bn High-Tech Hill park…

4 days ago

Hungary’s energy strategy has left it vulnerable to electricity price speculators – report

Hungary’s electricity market has become a focal point for speculative trading, driven by a combination…

4 days ago

CEE secures EUR 1.4bn in AI funding in 2023-24

Central and Eastern Europe (CEE) is a rising force in artificial intelligence (AI) and startups…

4 days ago

EU assesses candidates’ progress in ten country reports

The European Commission (EC) analyses the accession prospects of all ten prospective members of the…

4 days ago

CEE mulls ramifications of Trump’s victory on trade, defence, environment

As Donald Trump officially declared his victory in the US election, he received congratulations from…

2 weeks ago

‘Budapest Declaration’ signed as Orban hosts EU summit

European leaders committed to developing a defence industry base and enhancing EU competitiveness at an…

2 weeks ago