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Malta's National Recovery and Resilience Plan (NRRP) had an initial value of 鈧�344.9 million, while its amended plan is worth 鈧�336.3 million. Under the EU's Recovery and Resilience Facility (RRF), at the core of the Next Generation EU (NGEU) instrument, Malta's RRF grant allocation decreased from 鈧�316.4 million to 鈧�258.3 million. In April 2023, Malta submitted a request to amend its NRRP, to which it added a new REPowerEU chapter with an additional grant allocation of 鈧�30 million. It also requested ...

Romania's national recovery and resilience plan (NRRP) represents an ambitious agenda of reforms and investment aimed at mitigating the socioeconomic effects of the COVID-19, energy and cost-of-living crises. The amended plan 鈥� approved by the Council on 8 December 2023 鈥� amounts to 鈧�28.5 billion, or 12.8 % of the country's 2019 gross domestic product (GDP). This includes the Recovery and Resilience Facility (RRF) grants of 鈧�12.1 billion (cut by 14.9 % following the June 2022 revision of the allocation ...

Greece was among the first four EU Member States to submit its national recovery and resilience plan (NRRP) in April 2021. Since then, Greece has modified its plan in December 2023, adding a REPowerEU chapter and expanding its loan programme, and in July and December 2024, introducing smaller targeted revisions. The Greek plan now envisages investment and reforms worth 鈧�35.9 billion, to be implemented up to 2026; 鈧�18.2 billion will be financed from non-repayable financial support (grants), while ...

Sweden's national recovery and resilience plan (NRRP) is financed by the EU Recovery and Resilience Facility (RRF). The NRRP's total volume increased from an initial 鈧�3 289 million to 鈧�3 502 million in the revised version. The total amount of funds under the RRF was revised in June 2022, which reduced the final amount allocated to Sweden to 鈧�3 181 million. Adding to this its REPowerEU grant allocation of 鈧�198 million and the requested transfer of 鈧�66 million of its share of the Brexit Adjustment ...

On 20 January 2025, President Trump halted all US foreign aid pending a review. By 10 March, 83 % of USAID programmes had been terminated, creating a US$60 billion funding gap that neither Team Europe 鈥� the EU and its Member States collectively 鈥� nor other donors can fill, amid declining global official development assistance (ODA). This infographic uses OECD Development Assistant Committee (DAC) data on 2023 ODA commitments and disbursements. Commitments are pledged funds reflecting donor priorities ...

Latvia is set to receive non-repayable financial support (grants) worth 鈧�1 969 million to implement its national recovery and resilience plan (NRRP), including for the REPowerEU chapter. These resources represent 0.3 % of the RRF, equal to 6.4 % of the country's gross domestic product (GDP) in 2019. Under the Recovery and Resilience Facility (RRF), the original plan had an initial value of 鈧�1 826 million. In June 2022, Latvia's grant allocation was increased by 鈧�9 million. In September 2023, Latvia ...

In this paper, we propose and analyse four scenarios of a second Trump administration鈥檚 economic policy and its impact on Europe, ranging all the way from moderate tariffs to full trade war, a full multilateral breakdown with the US leaving the IMF down to a more cooperative exchange rate realignment agreement. We assess two trade scenarios quantitatively and outline broader policy shocks and their economic consequences. Our findings highlight significant challenges for the ECB, requiring responses ...

On 6 December 2024, the European Union (EU) and the four founding members of Mercosur 鈥� Argentina, Brazil, Paraguay and Uruguay 鈥� reached a political agreement on a free trade agreement that would form part of a wider Partnership Agreement including political dialogue and cooperation. The 2024 text of the trade pillar seeks to adjust an earlier political agreement of 28 June 2019 to EU demands for Mercosur to make stronger sustainability commitments, notably in respect to the Paris Agreement, and ...

Europe must swiftly address huge challenges, in the face of a rapidly shifting geopolitical landscape and major fiscal policy changes. With an increasingly protectionist United States (US) on one side and China becoming an ever-more direct competitor across industries on the other, Europe's economic future is fraught with uncertainty. In these testing times, the Next Generation EU (NGEU) recovery instrument, which has contributed to the EU economy's swift rebound from the COVID-19 crisis, is expected ...