Brussels, Belgium 21 July 2020 – according to Prime Minister Jüri Ratas, the heads of state and government of the European Union reached a historic agreement on the next long-term budget for 2021–2027 and the economic recovery plan on the fifth day of negotiations. The budget and recovery measures will help to revive the European economy after the pandemic, strengthen the common internal market, increase competitiveness, create jobs, respond to climate change, and speed up the implementation of digital technology in a total amount of 1.824 trillion euros.