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Govt Submits Hungary Plan for Tapping EU s Recovery Fund

The government on Tuesday submitted Hungary’s plan for utilizing the European Union’s Recovery and Resilience Facility (RRF) which covers more than 2,500 billion forints (EUR 7bn) worth of strategic development projects over the next six years, the state secretary in charge of EU developments said. Szabolcs Ágostházy said on Wednesday that the development of the health system was the plan’s most significant element, utilizing 34.1 percent of available resources. Other highlighted areas are environmentally friendly transport development and comprehensive development of education systems, including higher education, vocational training and adult education, he said. Some 25 percent and 20.4 percent of the resources are planned to be spent on these two areas, respectively.

Greek PM Mitsotakis sees COVID situation improving dramatically

EuropeGreek PM Mitsotakis sees COVID situation improving dramatically Reuters 1/3 People enjoy the beach following the easing of measures against the spread of the coronavirus disease (COVID-19) in Faliro suburb, near Athens, Greece, April 3, 2021. REUTERS/Costas Baltas/File Photo Read More Falling COVID-19 case numbers and more vaccinations will permit Greece to open its vital tourism sector next week, Prime Minister Kyriakos Mitsotakis said on Wednesday, adding he was very, very sure the situation would be much better in a month s time. On May 15 Greece plans to lift travel restrictions on foreign visitors who have been vaccinated or have negative test results. Tourism accounts for about a fifth of Greece s economy and jobs market, and after the worst year on record for the sector last year the country can ill afford another lost summer.

Kaljulaid discusses security, economic cooperation with Polish president

German top court dismisses injunction against EU COVID-19 recovery fund

Germany s highest court on Wednesday rejected an emergency attempt to block the country from ratifying the European Union s Recovery package over the bloc s plan to raise funds by pooling debts. The EU unveiled a €1.8 trillion seven-year budget in December which includes a €750 billion post-COVID Recovery Plan. Part of the money is to raised by the issuance of an EU common bond, which has never been done before. But some in Germany had launched a legal challenge over the new instrument, fearing its use would not be limited to the recovery package and that it would curtail the country s future ability to raise money on financial markets.

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