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

A Trumping new reality – CET opinion

One of the most disappointing characteristics of our 21st Century is that while we live…

3 days ago

Poland PM urges defence spending hikes as Baltics cut ties with Russian electricity grid

Polish Prime Minister Donald Tusk called on European leaders to increase their defence spending while maintaining close ties…

6 days ago

Kos floats speedy EU accession for Albania, Montenegro

The Munich Security Conference ended on a cautiously positive note for EU candidate countries Albania…

6 days ago

EU looks to Greece for critical raw materials

Greece is poised to become a key player in the EU’s efforts to secure critical…

6 days ago

Poland FM backs Ukraine, but rejects EU army idea

Polish Foreign Minister Radoslaw Sikorski stressed the necessity of European involvement in any peace talks…

7 days ago

‘Poland: growth leader in Europe and the world’- FM proclaims on 2024 data

Poland’s economy emerged as a regional standout in 2024, recording a GDP growth of 2.9%,…

2 weeks ago