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EU Approves 1.6 Billion Euros for Comprehensive Reforms in Austria
The European Commission today approved Austria's second payment request for €1.6 billion from the NextGenerationEU recovery plan. In doing so, the Commission confirms that Austria has successfully met the ambitious 67 milestones and targets for the second and third installments.
The allocated EU funds will support Austria's extensive reforms and investments, particularly in digitalization, healthcare, and climate protection / Picture: © Vindobona.org
The release of the funds is an important step in supporting far-reaching reforms and investments. The allocated funds will go to key areas such as digitalization, health, pensions, taxation, and, in particular, the phase-out of fossil fuel heating systems. Among the 54 reforms and 13 investments, measures to accelerate the decarbonization of buildings stand out. These include a ban on…
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