Econostrum | Economic News in the Mediterranean

Covid-19: EU releases an additional €286.5 million for France, Malta and Slovenia

Written by Eric Apim on Wednesday, May 26th 2021 à 09:37 | Read 585 times

The lack of tourists has had an impact on employment throughout the island of Malta (photo: F.Dubessy)
The lack of tourists has had an impact on employment throughout the island of Malta (photo: F.Dubessy)
FRANCE / MALTA / SLOVENIA. As part of its React-EU program (part of NextGenerationEU), created to combat the social and economic impact of the coronavirus crisis, the European Commission has approved the modification of five operational programmes (OPs). This has resulted in the allocation of an additional €286.5m in 2021.

These OPs are located in France, Malta and Slovenia. France will receive €166.4m to "strengthen the resilience of regional systems, the digital economy and tourism, as well as environmental transition and sustainable mobility" in Aquitaine, Limousin and Poitou-Charente. These three French OPs will also benefit from financial support for small and medium-sized enterprises, vocational training for job seekers, job creation, apprenticeships and vocational guidance.

The European Social Fund Programme in Malta will provide €111.2 million in additional funding to the Mediterranean island. This additional funding will invest in safeguarding 37,500 jobs by financing short-time working programmes (income support for employees affected by the crisis).

In Slovenia, the OP for the European Fund for Assistance to the Most Deprived (EFAH) gets an additional €8.9 million. The money will be used to "provide food and other support measures such as individual counselling to alleviate the impact of the coronavirus crisis on the most vulnerable people", as stated in a European Commission press release.

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