EU Commission approves 1.5 bln euro Danish national recovery plan

EU Commission approves 1.5 bln euro Danish national recovery plan
EU Commission approves 1.5 bln euro Danish national recovery plan

BRUSSELS, June 17 (Reuters) – The European Commission approved on Thursday Denmark’s national plan to recover from the pandemic and make the economy greener and more digitalised, worth 1.5 billion euros.

The cash will come from money borrowed by the European Commission on the markets and consist only of grants, to be disbursed in instalments until 2026.

The Commission’s approval now has to be also endorsed by EU finance ministers in July, allowing for the disbursement of 200 million euros to Denmark in pre-financing for projects envisaged by the scheme. (Reporting by Jan Strupczewski)

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