Czech Republic sends CZK 180 billion national revival plan to Brussels

The Czech Republic has sent its national revival plan, which would enable the country to draw CZK 180 billion from the European Union’s coronavirus recovery fund, to Brussels, Czech Television repoted on Wednesday. The European Commission will have two months to evaluate whether the proposal fits the union’s criteria. In total, the EU has agreed on spending EUR 750 billion for the union-wide recovery fund.

The Czech plan, approved by the government in May, counts on spending the largest amount of money, CZK 91 billion, on infrastructure and green energy.

According to the Czech Chamber of Commerce, the revival plan does not sufficiently address the need to digitise the state administration, despite 23 percent of the money being allocated for this goal.

Author: Tom McEnchroe