EU Commission approves Czech recovery plan of 7 billion euros
The European Commission approved on Wednesday the Czech Republic’s 7 billion euro plan to recover from the pandemic and transform the economy to become greener and more digitalized in coming years. The scheme will be financed from EU grants until 2026. Once the plan is also approved by EU finance ministers, Czechia will get 910 million euros in pre-financing for projects foreseen under the plan. More cash will be paid out on completion of agreed stages of the reforms and investment spelled out in the approved plan. The Commission said Czechia planned to spend 42% of its money to reach … Continue reading EU Commission approves Czech recovery plan of 7 billion euros