Poland gets EU greenlight for first €5B payment of recovery funds

The European Commission on Tuesday greenlighted Poland's revised COVID-19 recovery plan, now worth almost €60 billion. The new Polish recovery and resilience plan (RRF) combines €34.5 billion in low-interest loans and €25.3 billion in grants, which are meant to be disbursed in several instalments throughout the next years. Almost half of the projects that Poland has committed to undertake will be dedicated to the green transition. The revision takes into account RePower EU, the bloc's plan to slash imports of …