EC Approves Estonia’s 1bn Recovery Plan

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