The European Commission on Friday transferred 24.9 billion euros to Italy as the first tranche of the cash Rome is set to get from the NextGenerationEU COVID-19 recovery fund. Italy is set to be the biggest beneficiary of the 750-billion-euro programme, getting a total of 191.5 billion euros in grants and low-interest loans between now and 2026.
Friday's tranche amounts to 13% of that total. "Today's first disbursement of funds under NextGenerationEU in Italy launches a lasting recovery in the country," said European Commission President Ursula von der Leyen. "The EU stood in full solidarity with you throughout the crisis. We will stay by your side as brighter days are ahead.
SOURCE: https://www.ansa.it
As the Italian government prepares to bring in “phase two” of the national lockdown measur...
Italy delivered the first shocking confirmation of locally transmitted coronavirus infecti...
The first line in the email said everything. "Buffalo lost a part of its soul yesterday wi...
For those struggling with lockdown in Italy right now - or the prospect of it elsewhere -...
Andrea Bocelli is making hearts melt once again. The celebrated Italian tenor delivered a...
Stefano D’Orazio, historic member of the famous Italian band I Pooh, has died of Coronavir...
The people in our village of 1400 in east-central Italy are very friendly and gregarious....
There was a moment back in March when Carl Georigi thought his six Delaware restaurants wo...