The European Commission today approved the Portuguese Recovery and Recovery Plan, the first of 27 national plans funded through the Recovery and Recovery Mechanism.
Portugal can receive 13.9 billion euros in grants and 2.7 billion euros in loans.
“Today, the European Commission decided to give the green light to Portugal’s recovery and recovery plan. This is the first plan approved by the European Commission. The reforms and investments envisaged in the plan will make Portugal stronger, more resilient, and ready for the future. Better preparation,” she said. Ursula von Delane, chairman of the committee.
She traveled to Lisbon on Wednesday to present the committee’s assessment of the plan to Prime Minister Antonio Costa.
The committee will approve a total of five national recovery plans this week. In addition to Portuguese, they also have Greek, Danish and Luxembourgish.
The chairman of the committee will visit all these countries this week.
Croatia is one of the five EU member states that requested the Commission to extend the deadline for evaluating its Recovery and Rehabilitation Plan (NPOO), and their request has been approved by the Commission.
The committee has two months to approve the national recovery and rehabilitation plan. Croatia submitted its plan on May 15. Given that the two-week extension has been received, it is expected that the committee’s evaluation will be conducted in late July.
The committee’s green light has not yet been finalized. All plans need to be approved by the Council of the European Union and finally accepted. Then member states can count on 13% of their allocations in advance from the next-generation EU recovery plan.
In all national plans, at least 37% of the funds should be earmarked for projects that have a positive impact on the environment and climate, and at least 20% should be used for digital projects.
The committee stated that Portugal has designated 38% of its funds for climate targets and 22% for digital transformation in its plan.
Portugal is planning a major building renovation plan to improve energy efficiency and plans to invest in alternative energy sources in industrial processes.
Regarding digital transformation, Portugal intends to realize the digitization of public administration and the modernization of public health computer systems, while ignoring technical laboratories in secondary schools and vocational training centers.
The committee assessed that the Portuguese plan would help realize the reform proposals that each member country received during the European semester.