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 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…
In the latest public opinion survey, four out of five respondents (81%) say the EU should only provide funds to Member States that respect the rule of law and democratic values. Parliament President David Sassoli said: “The European Parliament has been clear that EU Recovery Funds should not go to governments that do not respect core…
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 coronavirus pandemic represents a very large shock for the global and EU economies, with very severe economic and social consequences. Economic activity in Europe suffered a severe shock in the first half of the year and rebounded strongly in the third quarter as containment measures were gradually lifted. However, the resurgence of the pandemic…
The European Commission has set out strategic guidance for the implementation of the Recovery and Resilience Facility in its 2021 Annual Sustainable Growth Strategy (ASGS). The Facility is the key recovery instrument at the heart of NextGenerationEU which will help the EU emerge stronger and more resilient from the current crisis. The Facility will provide…
European Commission President Ursula von der Leyen today mapped out in her first annual State of the Union Address to the European Parliament a path for the European Union to overcome the fragility laid bare by the coronavirus crisis and build a union of vitality. The President stressed that with NextGenerationEU, Europe has a once in a…
In letters to EU Ministers responsible for Cohesion policy, Commissioner for Cohesion and Reforms, Elisa Ferreira, and Commissioner for Jobs and Social Rights, Nicolas Schmit, have clarified how Member States can make use of the REACT-EU fund. The fund is part of Next Generation EU and will focus on supporting labour market resilience, jobs, SME’s and low-income…
President Ursula von der Leyen has discussed over the phone with the President of the European Parliament David Sassoli and with German Chancellor Angela Merkel, as chair of the rotating presidency of the Council of the European Union, about the next steps in the adoption of the EU’s recovery package NextGenerationEU and the next Multiannual Financial Framework….
