Having examined Estonia’s recovery and resilience plan, the European Commission adopted its positive assessment, implying the EU disbursing of €969.3 million in grants under the Recovery and Resilience Facility financial instrument (RRF).
The RRF is a key instrument embedded in the NextGenerationEU aiming to assist countries in emerging stronger from the COVID-19 pandemic. Up to €800 billion (in current prices) have been allocated to support investments and reforms across the European Union to implement recovery and resilience plans designed by the member-states and approved by the EU institutions.
The Estonia’s plan devotes 42% of the plan’s total allocation on measures embracing green transition and supporting climate objectives; while 22% is allocated on actions reinforcing digital transformation. In addition, the plan addresses the socio-economic country-specific recommendations which were put forward in recent years.
After a positive plan’s assessment endorsed by the European Commission, the Council will adopt the Commission’s proposal within the next four weeks. Subsequently, Estonia will receive 13% of the total amount corresponding to €126 million in pre-financing.
NextGenerationEU: European Commission endorses Estonia’s €969.3 million recovery and resilience plan