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Latvia does not want to include in its recovery plan measures that would entail tax hikes


Latvia does not want to include in its recovery plan measures that would entail tax hikes - Reirs
2021-04-09
LETA/TBT Staff
RIGA - Latvia does not want to include in its recovery plan measures that would result in the necessity to increase taxes, Finance Minister Janis Reirs (New Unity) said  Friday during a meeting with Celine Gauer, head of the European Commission s Recovery and Resilience Task Force (RECOVER). 
LETA was told at the Finance Ministry that Reirs met with the European Commission s representative to discuss work on the recovery plan, conclusions drawn in the process and further steps. ....

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No COVID recovery cash without reforms, EU executive warns | Hellenic Shipping News Worldwide


No COVID recovery cash without reforms, EU executive warns
European Union countries must step up economic reforms and tackle investment bottlenecks to get their share of billions of euros of COVID recovery funds, an official with the bloc’s executive said on Wednesday.
The Brussels-based European Commission is due to borrow an unprecedented 750 billion euros ($900 billion) that it intends to channel into the 27 EU economies to help them rebound from a record recession triggered by the pandemic.
National capitals have until the end of April to submit their spending plans to the Commission for approval.
None of the plans submitted so far meet the executive’s criteria, said Celine Gauer, a senior Commission official dealing with the stimulus, which would come on top of 1.1 trillion euros of handouts from the EU’s 2021-27 budget. ....

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