Tag: #RRF

EU’s Coronavirus Recovery Funds

by James Wilson 0 Comments

The EPP Group says that EU Member States must use the EU’s Coronavirus Recovery Funds better.  The fact that billions of euros of the money has not yet been accessed is a great concern, EPP Group Vice-President, Siegfried Mureşan MEP, and Group spokesman on Budgets, Jose Manuel Fernandes MEP, have warned.  European Parliament Committees on Budgets and the Economy will this week endorse the first implementation report on the Recovery and Resilience Facility (RRF), co-authored by Mureşan. ”Now that…

NextGenerationEU Programme for Portugal

by James Wilson 0 Comments

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,…

Estonia and Malta RRF Approved

by James Wilson 0 Comments
Estonia RRF

The European Commission has disbursed €126 million to Estonia and €41 million to Malta in pre-financing under the Recovery and Resilience Facility (RRF).  These payments are equivalent to 13% of each country’s grant allocation under the RRF. These pre-financing payments will help to kick-start the implementation of the crucial investment and reform measures outlined in…

Latvia’s Recovery and Resilience Plan

by James Wilson 0 Comments

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

by James Wilson 0 Comments
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…

Czech Recovery and Resilience Plan

by James Wilson 0 Comments

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…

Digitalisation: An Opportunity for Europe

by Martin Banks 0 Comments

A new report, Digitalisation: An opportunity for Europe, shows how increased digitalisation of Europe’s services and value chains  over the next six years could boost the European Union’s GDP per capita by 7.2% – equivalent to a €1 trillion increase in overall GDP. The report, commissioned by Vodafone and conducted by Deloitte, looks at the five…

More Funds Need to be Devoted to Digital Skills

by Martin Banks 0 Comments

New research reveals wide support for the European public’s attitudes towards the European Union’s Recovery and Resilience Facility (RRF). Three out of four people believe digital public services (75%), digital skills (74%) and broadband internet access (73%) are important aspects for the recovery of Europe. But the report says that the public remain sceptical on…

Embracing Digital Transformation

by Martin Banks 0 Comments

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…