Multiannual Financial Framework formed

On Tuesday 10th November 2020, the European Parliament and the Member States agreed on the design of the Multiannual Financial Framework for the period 2021-27 and the Next Generation EU Fund. The whole package consists of a total of EUR 1.8 trillion.

More than 50% of the fund will support modernization through policies including innovation and research (Horizon Program). 30% of the EU funds will be spent to fight climate change.

For more inormation: LINK