Commission Approves €2.7 billion funds for React-EU

EU Regional Funds

The Commission has approved the modification of six Operational Programmes (OP) for the ERDF and the ESF in Spain, Bulgaria, Italy, Hungary and Germany under REACT-EU for a total of €2.7 billion.  In Italy, €1 billion has been added to the ERDF-ESF National Operational Programme for Metropolitan Cities.  These resources aim to strengthen the green and digital transition as well…

Coronavirus Response

The Commission has announced the first provisional results of the implementation of the Coronavirus Response Investment Initiative (CRII) and (CRII+). From the beginning of the crisis, and thanks to the flexibility introduced in the Cohesion Policy, the EU mobilised over €13 billion in investments to tackle the effects of the coronavirus pandemic, through the ERDF and…

Embracing Digital Transformation

Europe is not fully benefitting from advanced technologies to innovate and remain competitive. In 2016, the European Commission launched the Digitising European Industry (DEI) initiative to boost the digitalisation of EU businesses. Despite the Commission’s efforts to support national authorities, progress of the initiative has been uneven among the Member States, according to a new…

Transition to a Climate-Neutral Economy

The EU must transition towards a climate-neutral economy without letting disparities between regions grow any further, say regional development MEPs.  On Monday 6 July, the Regional Development Committee requested a significant increase in the budget allocated from the 2021-2027 financial framework (from EUR 11 270 459 000 in current prices to EUR 25 358 532…

Preserving Europe’s Heritage

Several European initiatives have been developed to promote cultural sites. But their coordination with funding arrangements is too limited and EU investments lack focus on the preservation and financial sustainability of cultural sites, according to a new report from the European Court of Auditors. In addition, cultural investments are not treated as a priority, but…

Improvements Needed in Tackling Fraud with Regional Funding

Despite improvements over recent years, EU Member States’ efforts to tackle fraud in cohesion spending remain too weak, according to a new report from the European Court of Auditors. Member States’ assessments of the effectiveness of their anti-fraud measures are too optimistic, say the auditors. Detection, response and coordination still need substantial strengthening to prevent,…