German Iranian chamber of Industry and Commerce branch at Khorramshahr Chamber
23.04.2024
German GDP increased in the first quarter of 2024
05.05.2024Germany, the third place for investing in digital transformation
The Next Generation Organization of the European Union (NGEU) has allocated 117 billion euros for digital transformation, with Italy leading the way with 42 billion euros, Spain with 19 billion euros and Germany with 12 billion euros.
According to the European Commission’s Joint Research Centre, the European Union’s Next Generation Organization (NGEU) and its Recovery and Resilience Facility (RRF) account for 70% of all investments in digital transformation. EU Next Generation is an economic recovery package from the European Commission to support EU member states to recover from the Covid-19 pandemic, especially the worst-hit countries, and has now been given additional tasks.
Of the €117 billion allocated by the NGEU to digital transformation, €23 billion is allocated to digital public services, €14 billion to basic digital training, and €13 billion to electronic health record. Only 4.4 billion euros have been allocated to artificial intelligence in this budgeting, while according to forecasts, artificial intelligence is expected to inject more than 11 trillion euros into the global economy by 2030. Italy, Spain, Germany, and France are leading countries in investing in digital transformation in 2023.
Investment strategies in digital transformation vary significantly among EU members, ranging from direct research and development (R&D) funding to indirect support via business and public service digitalization.
