Brussels, 19 July 2022 (TDI): The European Commission has announced €3.5 billion in assistance for economic and social development, and green transition in Estonia.
€3.5 billion for Estonia’s economic and social development and green transition.
The adoption of the Partnership Agreement for 2021-2027 will support its:
🌳Fair green transition
👩💻Smarter and digital economy
🤝Upskilling & social inclusion
— European Commission 🇪🇺 (@EU_Commission) July 18, 2022
The commission adopted this assistance under the Partnership Agreement between the EU and Estonia, adopted on July 18, 2022.
The assistance will be provided through European Regional Development Fund (ERDF) and the Cohesion Fund. It will help in the circular economy in businesses. As well as, will provide a transition from road to rail transport.
The ERDF will also support improving cooperation between businesses and research institutions. It will also increase the digitalization of Estonia’s economy as well as the development of public digital services.
Furthermore, the assistance through European Social Fund Plus will support addressing social, labor market, and health needs. It will also address child poverty, support long-term care reform and promote healthy work life.
The European Maritime Fisheries and Aquaculture Fund (EMFAF) will provide €97.4 million in assistance. It will promote interdisciplinary scientific cooperation, climate change adaptation, and environmental protection.
Remarks by the EU officials
Elisa Ferreira, Commissioner for Cohesion and Reforms, stated, “Following today’s adoption of the Partnership Agreement, Estonia will be supported to further develop its economy.
As well as, the green and fair transition, and innovation in small and medium businesses and its transport sector. Estonia has a far-reaching smart, green, and digital future ahead.”
Nicolas Schmit, Commissioner for Jobs and Social Rights, said, “To meet the demands of the green and digital transition, Member States should invest heavily in skills and lifelong learning. I welcome that lifelong learning is a key priority for the ESF+ in Estonia.
It will improve access to the labor market, especially for people who are vulnerable or disadvantaged. In line with the European Child Guarantee, the ESF+ funding will also help reduce child poverty and prevent early school leaving.
These measures make a tangible contribution in implementing the European Pillar of Social Rights.”