HomeNewsDiplomatic NewsEstonia's recovery is remarkable, European Union President

Estonia’s recovery is remarkable, European Union President

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Brussels, 6 October 2021 (TDI): The European Commission has given Estonia’s recovery and resilience strategy a thumbs up.

This is a significant step toward the EU distributing €969.3 million in funding via the Recovery and Resilience Facility (RRF). The RRF funding will aid in the execution of the critical investment and reform initiatives specified in Estonia’s recovery and resilience strategy. It will play an important role in helping Estonia recover from the COVID-19 pandemic.

The RRF Regulation criteria were used by the EU Commission to evaluate Estonia’s plan. The Commission looked at whether Estonia’s plan’s investments and reforms promote green and digital transitions, help to successfully resolve issues highlighted in the European Semester, and enhance the country’s development potential, job creation, and economic and social resilience.

According to the Commission’s assessment, Estonia’s plan allocates 22% of its overall budget to measures that promote digital transformation.

The strategy includes steps to assist small, medium-sized, and microenterprises in their digital transformation, as well as to accelerate the use of digital technologies in construction and road freight transport.

The strategy will also assist to modernize public administration by building on the successful deployment of digital technology for public service delivery in Estonia over the past several years. The investments will also hasten the construction of ultra-high capacity internet networks in rural regions.

 

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