In accordance with the announcement made the previous day by Executive Vice-President Valdis Dombrovskis (see EUROPE 12781/12), the European Commission paid Denmark €201 million in pre-financing on Thursday, 2 September, for its recovery plan under the NextGenerationEU recovery plan.
Approved in mid-July by the Council of the European Union (see EUROPE 12761/1), the Danish recovery plan is being given €1.5 billion exclusively in the form of grants. The €201 million corresponds to pre-financing equivalent to 13% of the total envelope.
Croatia’s, Cyprus’s, and Latvia’s recovery plans are next on the pre-financing list.
On Monday, 6 September, the ‘Ecofin’ Council will give the green light to the formal adoption of the Irish and Czech recovery plans of €789 million and €7 billion, respectively, in grants only (see EUROPE 12780/10).
More information on these two plans:
- Ireland (decision: https://bit.ly/3zE4oKx and annex: https://bit.ly/2WMSv6M )
- Czech Republic (decision: https://bit.ly/3zEYQzH and annex: https://bit.ly/3td11b9 )
(Original version in French by Mathieu Bion)