Malta, 2.25 billion EU funds launched to make economy more innovative

LA VALLETTA (MALTA) (ITALPRESS/MNA) – The Maltese government has launched the operational programs of the European funds for Malta for the seven years between 2021 and 2027. The financial allocation exceeds the sum of €2.25 billion. It was negotiated by the Maltese Government and agreed at the European Council in June 2020. The Maltese Prime Minister Robert Abela said that this largest allocation of European funds for Malta will change Malta in a tangible way for the next decade through more investment in people. The main objectives of the operational programs is for Malta to become more sustainable, resilient and digital in the future. Abela also referred to the need for more investment from European funds in Gozo, in the public health and mental health, as well as in the improvement of the touristic product and in farming and fisheries. He added that his government would invest from the European funding in more Natura 2000 sites, in natural parks and gardens, in water management and in measures that would secure less pollution including a new interconnector with Sicily.
The European Commissioner for Cohesion and Reforms, Elisa Ferreira, said that the European Commission was partnering with the Maltese Government so that with these funds Malta becomes more modern and more competitive with the participation of everyone in a safer, greener environment, with an economy built on wisdom that leaves no one behind thanks to investment in education, research and innovation. She said that the ultimate goal was to make the Maltese economy more innovative. From 0.7 percent, this must rise to 2.3 percent of the GDP to reach the European average.
-photo credit xf3-

Source: medNews