Extra 2 billion € for Italy, Spain, Luxembourg and CroatiaOctober 7, 2021
Hat: Extra 2 billion € for Italy, Spain, Luxembourg and Croatia
The Commission has announced an extra 2 billion euro fund to Italy, Spain, Luxembourg and Romania under the Recovery Assistance for Cohersion and the Territories in Europe (REACT-EU). The amount of the fund varies from one region to another.
In Italy, the national OP ‘Governance and Institutional Capacity’ will receive a total of €1.2 billion.
In Spain, ‘Comunidad Valenciana’ will receive additional resources of €690 million to provide, amongst others, working capital to the most affected small and medium-sized enterprises, and to reinforce health, social services and to invest in basic infrastructure for citizens, including in the health and education sectors.
Luxembourg will receive €69 million to support large-scale coronavirus testing and the acquisition of vaccines, and investments in sustainability such as the electrification of the national bus network.
In Romania, €56 million will be invested to provide material support for disadvantaged groups, such as hot meals, assistance to disadvantaged children with school supplies and to disadvantaged mothers with essential kits for their newborn babies.
Url description: European Commision - Press Corner