Recovery and Resilience Facility: Estonia submits official recovery and resilience plan

The Commission has today received an official recovery and resilience plan from Estonia. This plan sets out the reforms and public investment projects that Estonia plans to implement with the support of the Recovery and Resilience Facility (RRF). The RRF is the key instrument at the heart of NextGenerationEU, the EU’s plan for emerging stronger from the COVID-19 pandemic. It will provide up to €672.5 billion to support investments and reforms (in 2018 prices). This breaks down into grants worth a total of €312.5 billion and €360 billion in loans. The RRF will play a crucial role in helping Europe emerge stronger from the crisis and securing the green and digital transitions. The presentation of the plan follows intensive dialogue between the Commission and the Estonian authorities over the past number of months. The Commission will now assess Estonia’s plan based on the eleven criteria set out in the Regulation and translate their contents into legally binding acts. The Commission has now received 24 recovery and resilience plans from Belgium, Czechia, Denmark, Germany, Estonia, Greece, Spain, France, Croatia, Italy, Ireland, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, and Sweden. It will continue to engage intensively with the remaining Member States to help them deliver high quality plans. A press release and a Q&A are available online.