EU Commission approves Ireland's 989 mln euro recovery plan

  • 7/16/2021
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BRUSSELS, July 16 (Reuters) - The European Commission on Friday gave the green light to Ireland"s 989-million-euro ($1.2 billion) plan to recover from the pandemic and transform the economy to become greener and more digitalised in coming years. Ireland will receive grants from the 800-billion-euro European Union recovery fund approved by the 27 member states to help their economies rebound from the pandemic. It plans to use 42% of the money for climate objectives including measures supporting energy efficiency, sustainable mobility, biodiversity and ecosystems. Ireland has earmarked 32% for digital goals, among them enhancing connectivity, digitalising its public administration and companies and promoting digital skills in schools. Ireland, which has attracted high-profile multinationals with its low tax regime, will also introduce measures to tackle money laundering and aggressive tax planning. ($1 = 0.8471 euros)

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