The European Finance Ministers are expected to validate the recovery plans of Estonia, Finland and Romania by video conference on Thursday 28 October.
Allotted €969.3 million in grants only (see EUROPE 12805/7), the Estonian recovery plan will devote 42% of its allocation to climate objectives and 22% to the digital sector.
See the draft EU Council Decision (https://bit.ly/3bcM9la ) on this plan and its Annex (https://bit.ly/3bcf6NT ).
Allotted €2.1 billion in grants only (see EUROPE 12804/12), the Finnish plan will devote 50% of its allocation to climate objectives and 27% to the digital sector.
See the draft EU Council Decision (https://bit.ly/3mcrcgm ) on this plan and its Annex (https://bit.ly/3EmfjuD ).
Allotted €29.1 billion, 14.2 billion in grants and 14.9 billion in loans, (see EUROPE 12799/12), the Romanian plan will devote 41% of its allocation to climate objectives and 21% to the digital sector.
See the draft EU Council Decision (https://bit.ly/3Ciz3yC ) on this plan and its Annex (https://bit.ly/2Zzwr0Z ).
The formal adoption of these three plans will be followed by written procedure of the EU Council and will pave the way for their pre-financing up to 13% of their overall envelope.
With these three recovery plans, the Ecofin Council will have adopted 22 national recovery plans. The European Commission is still analysing the Bulgarian, Swedish, Hungarian and Polish plans. Only the Netherlands has not officially submitted its recovery plan. (Original version in French by Mathieu Bion)