Finance

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

North Macedonia president loses big in first election round

No candidate received a majority of votes in the first round of the Presidential elections…

3 days ago

Czech FM visits Budapest, as Hungary prepares for EU presidency

Hungary will focus on key issues for central Europe during its upcoming EU presidency, Hungarian…

4 days ago

Westinghouse increasingly central to CEE’s shift from Russian nuclear industry

US nuclear firm Westinghouse Electric Company has signed memorandums of understanding (MOUs) with 17 Bulgarian…

7 days ago

AI will transform Adriatic economies – Microsoft

By 2030 Artificial Intelligence could be contributing as much as 11.5%, or USD 700bn (EUR…

1 week ago

CEE countries register EU’s highest, lowest inflation

Lithuania had the lowest annual inflation rate of 0.4% in the EU in March 2024,…

2 weeks ago

Lithuanians to vote on joint foreign citizenships next month

Lithuania will hold a constitutional referendum on whether its citizens can hold dual and multiple…

2 weeks ago