The European Commission has endorsed a positive preliminary assessment of Portugal’s payment request for €1.16 billion, of which €553.44 million of grants and €609 million of loans under the RRF, the key instrument at the heart of NextGenerationEU. On 25 January, Portugal announced reforms in the areas of health, social housing, social services, investment and innovation,…
The European Commission has disbursed €271 million to Finland in pre-financing, equivalent to 13% of the country’s financial allocation under the Recovery and Resilience Facility (RRF). The pre-financing payment will help kick-start the implementation of the crucial investment and reform measures outlined in Finland’s recovery and resilience plan. The Commission will authorise further disbursements based…
The Commission says it welcomes the agreement reached by EU finance ministers on Tuesday to update the current rules governing value-added tax (VAT) rates for goods and services. These new rules will provide governments with more flexibility in the rates they can apply and ensure equal treatment between EU Member States. At the same time,…
The European Commission, on behalf of the EU, has disbursed €600 million in macro-financial assistance (MFA) to Ukraine. This is the second and final tranche under Ukraine’s current MFA programme following the first €600 million disbursement in December 2020. With this disbursement, the outstanding amount of loans to Ukraine under its multiple MFA programmes reaches…
In a debate with Commissioner Gentiloni on the Hungarian and Polish recovery plans, MEPs called for more transparency to make sure funds are properly allocated. Economy Commissioner Gentiloni updated MEPs on Wednesday, saying that currently 22 of the 25 submit national recovery plans have been approved. The Bulgarian and Dutch plans have not yet been…
The European Commission has disbursed €237 million to Latvia in pre-financing, equivalent to 13% of the country’s financial contribution as established in the Council Implementing Decision. The pre-financing payment will help to kick-start the implementation of the crucial investment and reform measures outlined in Latvia’s recovery and resilience plan. The Commission will authorise further disbursements…
The European Commission and euro area Member States have signed a Memorandum of Understanding (MoU) with Croatia outlining the practical steps that will allow the country to begin producing euro coins when it receives the go ahead to join the euro area. This represents an important milestone in Croatia’s efforts to join the euro area….
The European Commission has disbursed €24.9 billion to Italy in pre-financing, equivalent to 13% of the country’s grant and loan allocation for the Recovery and Resilience Facility (RRF) under NextGenerationEU. Italy is one of the first countries receiving a pre-financing payment under the RRF. The pre-financing will help to kick-start the implementation of the crucial…
The European Commission has adopted a positive assessment of Czechia’s recovery and resilience plan. This is an important step towards the EU disbursing €7 billion in grants under the Recovery and Resilience Facility (RRF). This financing will support the implementation of the crucial investment and reform measures outlined in Czechia’s recovery and resilience plan. It…
The EU is urged to avoid another crisis in the wake of the pandemic Markus Ferber MEP said, “We have to be very careful that the current frenzy of Corona spending does not lead us directly into the next debt crisis.” “Therefore, the European Commission urgently needs to establish when and under what conditions the application…
