The European Commission has presented a tool to strengthen economic recovery and resilience

By: Trademagazin editor Date: 2020. 05. 28. 11:18

The European Commission unveiled its financial instrument to help restore the economic crisis caused by the coronavirus pandemic and strengthen economic resilience (RRF) at its press conference on Thursday.

The RFF, which is the EU Recovery Plan presented the previous day, a key element of the New Generation EU instrument, aims to support the investments and reforms essential for sustainable recovery, improve the economic and social resilience of Member States and promote the green and digital transition. The 560 billion euros will be available to all Member States, but will focus most on those areas of the EU that hardest hit by the pandemic. (MTI)