Calviño advances “more investments” and will request the third payment of European funds


The First Vice President of the Government and Minister of Economic Affairs and for Digital Transformation, Nadia Calvinohas stated this Thursday that more announcements of “important investments” in Spain may occur today after yesterday’s confirmation that Volkswagen will continue with the construction of a battery gigafactory in the Valencian Community.

Calviño, in statements to RNE, did not want to give more details about these new investments, but he did highlight that both Volkswagen and those announced by Google and the shipping company Maersk would not be possible without the European funds associated with the Recovery Plan. Asked about a possible tightening of the Brussels criteria for the distribution of European funds, Calviño stated that “he does not know where this idea comes from”, as the European Commission has been “very demanding from the start”.

“And it cannot be otherwise, because we are talking about a very important volume of funds,” Calviño stressed, adding that, until yesterday, when Italy received it, Spain was the first country to receive both first payments from European funds. In this sense, he has advanced that “tomorrow or these days” Spain is going to ask Brussels for the third disbursement amounting to 6,000 million euros.

“These are amounts that have to be verified and controlled (…). From the first moment the demand has been maximum,” insisted the vice president.

About the demand that some countries are making to make compliance times more flexible of milestones of the Recovery Plan, Calviño has assured that there are many who want to extend these terms, since the investments of 2023 cannot have the same term as those of previous years.

In any case, the first vice president has underlined that Spain is meeting the milestones committed to with Brussels in the Recovery Plan. “We are the most advanced country (with the Plan),” asserted Calviño, who explained that this is so because the Government understood “from the first moment” how important these funds were to accelerate the necessary transformation of Spain.


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