EU approves final €6 billion COVID-19 recovery payment to Germany
The European Commission, on Wednesday, approved the final payment of six billion euros (6.7 billion dollars) to Germany from the European Union’s COVID-19 recovery fund.
The EU established the 573-billion-euro Recovery and Resilience Facility (RRF) in 2021 to help member states recover economically from the pandemic.
Until the end of September, member countries could request disbursements from the fund in return for reforms aimed at making Europe’s economy more resilient.
The final payment brings Germany’s total funding under the programme to 30.3 billion euros.
Germany implemented “reforms and investments in the areas of the clean transition of transport and energy infrastructure, energy efficiency of housing, as well as the digitalisation of healthcare and public administration,” the commission said.
The measures included the energy-efficient renovation of over 36,000 buildings, the purchase of electric buses and charging stations, and support for digital processes and infrastructure in more than 1,600 hospitals.
(dpa/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Showbiz
Meta deactivates Russell Brand’s Instagram, Facebook accounts after rape sentencing
Meta has deactivated British former comedian and actor Russell Brand’s Instagram and Facebook accounts following his conviction and sentencing for four sexual offences.
Abuja
NSITF: EFCC continues N2 billion fraud trial against ex-labour minister Chris Ngige
The Economic and Financial Crimes Commission, EFCC, says it has continued prosecuting former labour minister Chris Ngige over alleged abuse of office.
Economy
Stock market loses N293 billion as profit-taking persists
The Nigerian stock market closed on a negative note on Wednesday as investors’ wealth declined by N293 billion.
Health
Domestic TB funding rose 14% to $5.6 billion, says WHO
WHO says domestic funding for TB rose 14 per cent to $5.6 billion between 2024 and 2025, helping sustain essential services despite declining international financing.
Africa
Lumumba urges Africans to defeat xenophobia, strengthen Pan-Africanism
Kenyan lawyer, scholar, and Pan-Africanist Patrick Lumumba has urged Africans to confront xenophobia with love, unity, and stronger economic cooperation.
States
NAFDAC busts seals warehouses selling banned, hazardous chemicals
NAFDAC sealed off four warehouses and seized banned chemicals worth N560 million in Kano metropolis.
