Saturday 22 January 2022, 05:24 PM
European Commission approves Portuguese recovery plan
By IANS | Bharat Defence Kavach | Publish Date: 6/17/2021 1:33:34 PM
European Commission approves Portuguese recovery plan

Lisbon: The President of the European Commission (EC), Ursula von der Leyen, announced the approval of the Portuguese Recovery and Resilience Plan (PRR), which intends to "profoundly transform the economy" of the country.

"Today I am very happy to announce that the EC has decided to give the 'green light' to the Portuguese recovery plan, after excellent cooperation with the Portuguese authorities," said von der Leyen after her meeting with Prime Minister Antonio Costa here on Wednesday.

The Portuguese recovery plan was the first to be approved among the 27 member states of the European Union (EU), foreseeing projects worth 16 billion euros ($19 billion), reports Xinhua news agency.

"The planned reforms and investments will make Portugal come out of this crisis stronger and more resilient," she said.Von Der Leyen added that the Portuguese plan "clearly met the demanding criteria" established by the European Commission.

She said that the Portuguese PRR is not only "ambitious," presenting "a vision of the future", but also "will help to create a better future for Portugal, for the Portuguese and the EU".According to her, the objective of the European executive is to send "the first funds in July" this year.


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भारत डिफेंस कवच की नई हिन्दी पत्रिका ‘डिफेंस मॉनिटर’ का ताजा अंक ऊपर दर्शाया गया है। इसके पहले दस पन्ने आप मुफ्त देख सकते हैं। पूरी पत्रिका पढ़ने के लिए कुछ राशि का भुगतान करना होता है। पुराने अंक आप पूरी तरह फ्री पढ़ सकते हैं। पत्रिका के अंकों पर क्लिक करें और देखें। -संपादक

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