Recovery and Resilience Facility: Estonia submits official recovery and resilience plan

Monday 21 Jun 2021 @ 11:38
EU News

The Commission recently (18 June 2021) received an official recovery and resilience plan from Estonia. This plan sets out the reforms and public investment projects that Estonia plans to implement with the support of the Recovery and Resilience Facility (RRF).

The RRF is the key instrument at the heart of NextGenerationEU, the EU's plan for emerging stronger from the COVID-19 pandemic. It will provide up to €672.5 billion to support investments and reforms (in 2018 prices). This breaks down into grants worth a total of €312.5 billion and €360 billion in loans. The RRF will play a crucial role in helping Europe emerge stronger from the crisis and securing the green and digital transitions.

The presentation of the plan follows intensive dialogue between the Commission and the Estonian authorities over the past number of months.

Estonia's recovery and resilience plan

Estonia has requested a total of €982.5 million in grants under the RRF.

The Estonian plan is structured around six pillars: the digital transition of businesses, the green transition in enterprises, digital Estonia, sustainable energy and energy efficiency, sustainable transport, and healthcare and social protection. Projects in the plan cover the entire lifetime of the RRF until 2026. The plan proposes measures in six of the seven European flagship areas.

Click here for the full press release

Original article link: https://ec.europa.eu/commission/presscorner/detail/en/IP_21_3042

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