EU Commission authorizes Sweden’s 3.3 billion euro healing strategy By Reuters

© Reuters. SUBMIT IMAGE: European Union flags flutter outside the EU Commission head office in Brussels, Belgium, January 18, 2018. REUTERS/Francois Lenoir

BRUSSELS (Reuters) – The European Commission authorized on Tuesday Sweden’s post-pandemic healing strategy that will enable the nation to get 3.3 billion euros in grants from the European Union till 2026 to make its economy greener and more digitalised.

The cash belongs to the EU’s 800 billion euro healing fund that all EU nations settled on in 2015 in an extraordinary joint loaning plan focused on restoring the European economy from the deep economic crisis triggered by COVID-19 lockdowns.

Each nation is entitled to a share of grants and inexpensive loans form the fund.

The Commission stated 44.4% of the cash for Sweden would be invested in steps that assist avoid assistance environment modification and 20.5% of on steps to make the economy more digitalised.

The Swedish strategy will now be authorized by EU financing ministers and the very first cash will be paid out when Sweden reaches concurred turning points and targets in the scheduled financial investment.

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