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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 ...

Under the Recovery and Resilience Facility (RRF), Hungary was allocated 鈧�5.8 billion in the form of grants. This amount reflects the European Commission's revision applied in June 2022 to all EU Member States, as the initial Hungarian national recovery and resilience plan (NRRP) was only approved past that date, at the end of 2022. In August 2023, the country submitted a modified NRRP in order to make changes to several measures due to objective circumstances, and to include a new REPowerEU chapter ...

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 ...

Greenland is a self-governing Arctic island within the Kingdom of Denmark, which strives for economic self-sufficiency and future independence. This representative democracy of 56 542 inhabitants will elect 31 members to Greenland's 合法博彩网站 on 11 March 2025. These parliamentary elections are taking place against the fraught background of rising geopolitical tensions. In the context of a heating 鈥� literally and figuratively 鈥� Arctic, Greenland is a focus of geopolitical competition and growing ...

Andrzej Doma艅ski, Minister of Finance of Poland, is participating in the ECON Committee in his capacity of President of the ECOFIN Council during the Polish Presidency January - June 2025). In accordance with the Treaty of the Union, 鈥淢ember States shall regard their economic policies as a matter of common concern and shall coordinate them within the Council鈥�.

This paper has been drafted to assist the European 合法博彩网站's Committees on Economic and Monetary Affairs (ECON) and on Budgets (BUDG) in the context of their work on an implementation report on the Recovery and Resilience Facility. Based on publicly available information, it provides a literature review of EU reports and academic papers on the state of play of the implementation of the Recovery and Resilience Facility. It also summarises the main topics of recent parliamentary resolutions and ...

Executive Vice-President Fitto and Commissioner Dombrovskis are invited to the 17th Recovery and Resilience Dialogue (RRD) under the Recovery and Resilience Facility (RRF) Regulation, scheduled for 10 February 2025. The previous RRD took place on 16 September 2024.

Economic security has become crucial for the EU. Both the Letta Report on the future of the single market and the Draghi Report on the future of European competitiveness emphasise the need to intensify efforts to secure the EU's supply of critical raw materials (CRM). Europe is vulnerable to both coercion and geo-economic fragmentation because of its high dependency on strategic raw materials from countries with which the EU is not strategically aligned. Diversifying imports of strategic raw materials ...

The European Union (EU) is committed to ensuring its budget delivers maximum value for citizens by focusing on results and performance. In 2018, as part of the shift towards performance-based budgeting, the EU revised the rules applicable to the general budget and introduced the possibility of financing that is not linked to cost (FNLC) in addition to the traditional ways of financing based on incurred costs (Article 125 of EU Regulation 2018/1046). Under this method, payments are based on results ...

EU Member States now have less than 2 years to complete their Next Generation EU (NGEU) investment and reform plans, with implementation advancing at varying rates across the EU. Some countries need to strengthen their administrative capacity to manage the investments. While NGEU offers significant support for the green and digital transitions, the recent Draghi Report on EU competitiveness stresses the need to invest more in strategic Sectors such as energy. As EU businesses face higher energy costs ...