EU Commission approves Germany’s 25.6 billion euro recovery plan

Hellenic Shipping News | Jun 23, 2021 at 2:00 AM
  • The European Commission approved on Tuesday Germany’s 25.6 billion euro plan to recover from the pandemic and transform the economy to become greener and more digitalised in coming years.
  • Once the plan is also approved by EU finance ministers in July, Germany will get 2.3 billion euros in pre-financing for projects foreseen under the plan.
  • It aimed to decarbonise Germany industry, with a particular focus on renewable hydrogen, investments in sustainable mobility and the renovation of residential buildings to improve their energy efficiency.