EU Commission approves Czech recovery plan of 7 billion euros

20 Tháng Bảy 2021
EU Commission approves Czech recovery plan of 7 billion euros © Reuters. FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium May 5, 2021. REUTERS/Yves Herman

BRUSSELS (Reuters) - 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 digitalised 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 climate-neutrality goals, including investment in renewable energy, modernisation of district heating, replacement of coal-fired boilers and improving the energy efficiency of residential and public buildings.

The plan also includes measures for nature protection and water management as well as investment in sustainable mobility.

Prague will also invest 22% of the total to make the economy more fit for the digital era, including investment in digital infrastructure, the digitalisation of public administration, including the areas of health, justice and the administration of construction permits.

The plan also includes measures to improve Czech citizens' digital skills at all levels.

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31-07-2021 18:21:03 (UTC+7)

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 GBP/USD1.3902Sell
 USD/JPY109.72↑ Buy
 AUD/USD0.7345Neutral
 USD/CAD1.2472↑ Buy
 EUR/JPY130.25↑ Buy
 EUR/CHF1.0751↑ Buy
 Gold1,812.30Neutral
 Silver25.547↑ Buy
 Copper4.4785Buy
 Crude Oil WTI73.72↑ Sell
 Brent Oil75.14↑ Buy
 Natural Gas3.915↑ Sell
 US Coffee C180.38Neutral
 Euro Stoxx 504,089.30↑ Sell
 S&P 5004,395.26Buy
 DAX15,544.39↑ Sell
 FTSE 1007,032.30↑ Sell
 Hang Seng25,908.00↑ Buy
 Small Cap 20002,223.25↑ Buy
 IBEX 358,675.70↑ Sell
 BASF66.310↑ Sell
 Bayer50.36↑ Sell
 Allianz210.35↑ Sell
 Adidas306.85↑ Sell
 Lufthansa9.548Buy
 Siemens AG131.82↑ Sell
 Deutsche Bank AG10.685Sell
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SJC Nhatrang5,655/ 5,727
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Cập nhật lúc 18:17:50 31/07/2021
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