Finland’s Recovery and Resilience Plan

NextGenerationEU

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…

EU Proposes New Sources of Revenue

Iohannes Hahn

The Commission has proposed to establish the next generation of own resources for the EU budget by putting forward three new sources of revenue: the first based on revenues from emissions trading (ETS), the second drawing on the resources generated by the proposed EU carbon border adjustment mechanism, and the third based on the share…

Latvia’s Recovery and Resilience Plan

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…

Commission Grants €24.9 billion to Italy under NextGenerationEU

Next Generation EU

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…

Tenth Anniversary of the Eastern Partnership

On 14 May, the European Union, Armenia, Azerbaijan, Belarus, Georgia, the Republic of Moldova and Ukraine marked the 10th anniversary of the Eastern Partnership with a High Level Conference in Brussels. The conference celebrated the achievements of the last ten years in the EU’s relationships with its six Eastern partners, and started discussions on the…