03/05/2022 (Agence Europe) – The ‘Ecofin’ Council formally adopted the Bulgarian and Swedish recovery plans under the Next GenerationEU Recovery Plan (see EUROPE 12942/22) on Tuesday 3 May in a video conference meeting prior to the extraordinary Eurogroup meeting on banking union. With €6.3 billion only in the form of grants, the Bulgarian plan devotes nearly 59% of the envelope to climate transition and nearly 29% to digital transition (see EUROPE 12813/20). With €3.3 billion in grants alone, the Swedish recovery plan will devote 44.4% of this budget to the climate transition and 20.5% to the digital transition (see EUROPE 12921/18). The EU Council has already adopted 24 national recovery plans, with the Hungarian, Dutch and Polish plans missing. (MB)