Posts tagged as recovery fund

Discussions on EU’s recovery fund move to Lithuanian parliament

Wednesday, July 22, 2020

The discussions on the recovery fund, which the EU leaders recently agreed on, are moving to the Lithuanian parliament, Seimas, on Wednesday. The national parliaments of the 27 EU member states will have to decide over the coming months whether to endorse the European Commission’s plan to borrow 750 billion euros in the international markets to provide assistance to the coronavirus-affected countries. “The EU’s recovery instrument will mean changes to…

Latvia gets 10 billion in EU recovery fund and multi-annual budget

Tuesday, July 21, 2020

After nearly 90 hours of talks in Brussels, the EU’s multi-annual budget and economic recovery program of around €1.8 trillion have been agreed in negotiations between EU leaders. More than €10 billion will be available to Latvia’s economy over the next seven years, Prime Minister Krišjānis Kariņš said July 21. The Prime Minister announced the agreement between the 27 Member States on Twitter. He told Latvian Television that he had not…