recovery plan

The new government was elected already in June, but it remains to be seen how it will begin to solve the pressing problems caused by the lack of regular governance in the months before. The budget is one such priority, but let\'s not forget what happened with the National Recovery and Resilience plan (NRRP). Let\'s recall - the plan was adopted two years ago with a significant delay, which was the reason why Bulgaria failed to receive an advance payment for its implementation. 

It is the summer of the second year of the COVID-19 panemic, and the European Union has generously opened its coffers to spend on post-pandemic recovery. Various governments of the EU are scrambling to put forward their best ideas to be funded by the new support scheme.

The Slovak Institute of Economic and Social Studies (INESS) has just released its new study titled Next Generation EU: Why We Should Be Concerned about the Recovery Plan.

The European Commission has announced its proposal for a recovery plan with a total budget of 750 billion euros, called Next Generation EU. It is based on the new Instrument for Recovery and Sustainability, with a proposed resource of EUR 560 billion.