The European Commission approved on Tuesday the post-COVID-19 recovery plan and the transformation of the economy to become greener and more digitalized in the coming years for Estonia worth 969.3 million euros, informs Reuters, quoted by agerpres.
Under the scheme, Estonia will receive € 969.3 million in grants from the EU by 2026. The Commission said 42% of the total would be spent on CO2 reduction measures and 22% on preparing the country for it was digital.
The plan, with the Commission’s approval, will now go to EU finance ministers and once they agree, Estonia will get 126m euros in pre-financing for the projects under the plan.
The funding is part of an initiative in which all 27 bloc countries are to raise money from an EU recovery system worth 800 billion euros ($ 943 billion).