Dokumenti - Think Tank - Eiropas Parlaments

Briefing - Sweden's National Recovery and Resilience Plan: Latest state of play - 07-04-2025

Sun, 06 Apr 2025 22:00:00 GMT

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 €3 289 million to €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 €3 181 million. Adding to this its REPowerEU grant allocation of €198 million and the requested transfer of €66 million of its share of the Brexit Adjustment Reserve to the NRRP, the amended plan now includes €3 445.7 million in EU grants. The difference between the EU grants and the plan's total value (€57 million) is to be covered by national financing. The NRRP is of comparatively limited scope, and exclusively in the form of grants, as Sweden did not apply for loans. The revised amount represents 0.5 % of the entire Recovery and Resilience Facility (RRF), equal to 0.7 % of the country's gross domestic product (GDP) in 2019 (the RRF represented 5.2 % of EU-27 GDP in 2019). Sweden will receive payments in five instalments, contingent on progress in implementing the plan. On 20 December 2024, Sweden requested the first disbursement of €1.6 billion in grants, covering the first two instalments. The amended plan contributes 43.6 % of resources to climate related objectives, surpassing the minimum target of 37 % set in the RRF Regulation. At 23.1 %, its allocation for digital expenditure also exceeds the threshold, which was set at 20 % of resources (excluding the REPowerEU chapter). �Ϸ��վ has been a major supporter of establishing a common EU recovery instrument, and takes part in interinstitutional settings to cooperate, discuss and scrutinise implementation of the European Commission's work. This briefing is one in a series covering all EU Member States. Third edition. The 'NGEU delivery' briefings are updated at key stages throughout the lifecycle of the plans.

Avots : © Eiropas Savienība, 2025 - EP

Briefing - Germany's National Recovery and Resilience Plan: Latest state of play - 11-03-2025

Mon, 10 Mar 2025 23:00:00 GMT

Germany was originally entitled to a maximum financial contribution of €25.6 billion in grants from the Recovery and Resilience Facility (RRF), the unprecedented EU response to the crisis triggered by the coronavirus pandemic. The national recovery and resilience plan (NRRP) for Germany does not include requests for loans. Following the latest amendment of the German NRRP in July 2024, which added a REPowerEU chapter, the EU resources devoted to the plan reached €30.3 billion. This amount corresponds to 4 % of the entire RRF and to 0.9 % of Germany's 2019 gross domestic product (GDP). For most of the measures, additional funding will also come from national sources. There is a strong focus on the green transition. Measures relating to climate protection – including key actions on mobility and housing – were projected to receive 42 % of the allocation in the initial version of the plan. The modified NRRP increases this level of ambition to 49.5 % of the updated allocation. It also shows a strong digital ambition, devoting 47.5 % of the allocation (excluding REPowerEU) to digital measures across various sectors ranging from industry to education, social policy and healthcare, and public administration. Germany has so far received €19.75 billion from the RRF in the form of pre-financing and two result-based payments covering three instalments. The remaining 34.9 %, or €10.55 billion, will be paid in two other instalments once Germany has satisfactorily fulfilled the related milestones and targets identified in relation to RRF implementation. �Ϸ��վ, which was a major advocate of creating a common EU recovery instrument, participates in interinstitutional cooperation and discussions on its implementation and scrutinises the European Commission's work. This briefing is one in a series covering all EU Member States. Third edition. The 'NGEU delivery' briefings are updated at key stages throughout the lifecycle of the plans.

Avots : © Eiropas Savienība, 2025 - EP

Briefing - Austria's National Recovery and Resilience Plan: Latest state of play - 17-12-2024

Tue, 17 Dec 2024 14:51:48 GMT

Austria's national recovery and resilience plan (NRRP) was updated on 9 November 2023 with the introduction of a REPowerEU chapter. The plan now totals €4 187 million, of which €3 961million are financed through Recovery and Resilience Facility (RRF) grants. The difference is financed through national resources. To implement the plan, Austria is leveraging further amounts beyond EU support from the national budget. Austria has requested the maximum amount of grants available (non-repayable support); it did not opt for requesting loans (possible until 31 August 2023). The Austrian economy has been in a slowdown since the end of the second quarter of 2022. There has been a lack of expansionary impetus both domestically and abroad, leading to a decline in economic output of 0.8 % in 2023. Economic indicators do not suggest an economic recovery for 2024 either – a moderate upturn in private consumption is unlikely to fully cushion a prolonged recession in industry and construction. Against this backdrop, Austrian gross domestic product (GDP) is expected to stagnate in 2024, according to recent estimates. From 2025, industrial output is expected to rise again slightly, restoring positive GDP growth (+1.5%). In Austria's NRRP, 56 % of EU resources will be allocated to the green transition, and (excluding the REPowerEU chapter) 36 % to the digital transformation – far more than the minimum targets set by the RRF Regulation (37 % and 20 % respectively). The plan includes a significant number of reforms with the potential to support lasting structural changes in other areas, such as the primary healthcare system, less red tape for business, and modernisation of the public administration. By the end of November 2024, Austria had received €1.19 billion: €700 million (net of pre-financing) for the first payment, based on the achievement of 44 milestones and targets, and the rest as pre-financing. This briefing is one in a series covering all EU Member States. Third edition. The 'NGEU delivery' briefings are updated at key stages throughout the lifecycle of the plans.

Avots : © Eiropas Savienība, 2024 - EP

Briefing - Luxembourg's National Recovery and Resilience Plan: Latest state of play - 05-11-2024

Tue, 05 Nov 2024 16:42:15 GMT

Luxembourg's national recovery and resilience plan (NRRP) was initially to be financed by the Recovery and Resilience Facility (RRF) with a total of €93.4 million in grants. This allocation accounted for around 51 % of the plan's total estimated value (€183.1 million), while a further 46 % of the costs were to be covered by the national budget, and 3 % from other EU co-financing. The NRRP has since been adjusted, first to factor in the European Commission's 2022 recalculations of the grants available to Member States, bringing Luxembourg's new RRF total to €82.7 million. In May 2024, Luxembourg submitted a newly revised NRRP with a two-fold objective: to add a REPowerEU chapter (and transfer €128.5 million from the Brexit Adjustment Reserve to the RRF to contribute to its financing), and to modify existing measures (change three and remove one). The estimated total EU contribution to the NRRP is now €241.1 million, of which €177.3 million have been dedicated to REPowerEU measures. Luxembourg's RRF allocation remains the smallest in the EU in absolute figures, and the lowest as a share of grants in relation to gross domestic product (GDP) (0.4 % of GDP in 2019). Luxembourg has so far received €32.4 million in RRF grants (pre-financing and the first payment). The NRRP aims to address Luxembourg's structural issues. The measures included complement and build on priorities laid out in the national economic stimulus package from May 2020. The central objective is to support social cohesion and the promotion of a modern, attractive economic environment, while responding to climate and environmental challenges. The REPowerEU chapter seeks to advance Luxembourg's green transition, helping it meet EU energy-related recommendations. With 80.1 % of the funds going to climate objectives and 37.5 % to the digital transition (the latter excluding REPowerEU), the NRRP will contribute to EU efforts in these areas. �Ϸ��վ participates in interinstitutional forums for cooperation and discussion on the implementation of the RRF, and scrutinises the European Commission's work. This briefing is one in a series covering all EU Member States. Fourth edition. The 'NGEU delivery' briefings are updated at key stages throughout the lifecycle of the plans.

Avots : © Eiropas Savienība, 2024 - EP

Briefing - Spain's National Recovery and Resilience Plan: Latest state of play - 25-10-2024

Fri, 25 Oct 2024 14:52:29 GMT

Spain's national recovery and resilience plan (NRRP) is the second largest (in absolute figures) financed by the Next Generation EU (NGEU) recovery instrument and its main spending tool, the Recovery and Resilience Facility (RRF). Following the October 2023 amendment of the Spanish NRRP, adding a REPowerEU chapter, the plan's value reached €163 billion (or 13.1 % of national gross domestic product (GDP) in 2019), an increase of roughly 135 % compared with the original plan of 2021 (€69.5 billion in grants only). The amended plan comes with an increased grant allocation of €79.8 billion and a freshly requested loan allocation of €83.2 billion. The grant part includes the June 2022 upward revision of Spain's grant allocation of €7.7 billion and the country's REPowerEU grant allocation of €2.6 billion. In addition, Spain has requested a transfer of its share from the Brexit Adjustment Reserve of €58 million to its NRRP. So far, €48.3 billion of RRF resources (29.6 % of the amended NRRP) have been received. These have been disbursed by the Commission in form of pre-financing and four grant instalments. he amended plan focuses on the green transition, devoting almost 40 % of the resources to it, and fosters the digital transformation by committing 25.9 % of the funds (excluding REPowerEU) to digital projects. In the context of the European Semester, the Commission assessed the plan's implementation as 'under way', yet warned about emerging delays hindering effective and swift implementation. �Ϸ��վ participates in interinstitutional forums for cooperation and discussion on its implementation and scrutinises the European Commission's work. This briefing is one in a series covering all EU Member States. Fifth edition. The first edition was written by Miroslava Kostova Karaboytcheva. The 'NGEU delivery' briefings are updated at key stages throughout the lifecycle of the plans.

Avots : © Eiropas Savienība, 2024 - EP

Briefing - Croatia's National Recovery and Resilience Plan: Latest state of play - 23-10-2024

Tue, 22 Oct 2024 22:00:00 GMT

Croatia's national recovery and resilience plan (NRRP) is an ambitious outline of reforms and investment designed to mitigate the pandemic's socioeconomic fallout. Following the December 2023 amendment of the Croatian NRRP, to which a REPowerEU chapter was added, the plan's worth reached €10 040.7 million (or 18.5 % of national gross domestic product (GDP) in 2019), an increase of over 59 % compared with the original (2021) version of the plan, which was worth €6 297 million in grants only. The amended plan comes with a grant allocation of €5 779.4 million and a freshly requested loan allocation of €4 254.2 million (of which more than 62 % is for the REPowerEU chapter). The grant part includes the June 2022 downward revision of Croatia's grant allocation of €785.1 million and the country's REPowerEU grant allocation of €269 million. In addition, Croatia has requested a €7.2 million transfer from its share of the Brexit Adjustment Reserve to its NRRP. So far, Croatia has received €4 487.3 million of Recovery and Resilience Facility (RRF) resources (44.7 % of the amended NRRP) in the form of pre financing, five grant and one loan instalment. The disbursements are above the current EU average of 41 %. The measures in the amended plan are designed to help Croatia overcome the socioeconomic ramifications of both the pandemic and the energy crisis, as well as to address the consequences of the two devastating earthquakes of 2020. The plan focuses on the green transition by devoting over 39 % of the resources to it. It also fosters the digital transformation by committing 20.1 % of the funds (excluding the REPowerEU chapter) to digital projects. In the context of the European Semester, in 2024 the Commission assessed the implementation of the Croatian plan as 'under way'. �Ϸ��վ continues to ensure transparency and accountability through interinstitutional dialogues on RRF implementation, and scrutiny of the Commission's work. This briefing is one in a series covering all EU Member States. Fourth edition. The 'NGEU delivery' briefings are updated at key stages throughout the lifecycle of the plans.

Avots : © Eiropas Savienība, 2024 - EP

Briefing - Poland's National Recovery and Resilience Plan: Latest state of play - 22-10-2024

Tue, 22 Oct 2024 10:04:14 GMT

In nominal terms, Poland is the third biggest beneficiary of the Recovery and Resilience Facility (RRF), after Italy and Spain. EU support for implementing Poland's amended national recovery and resilience plan (NRRP) – Krajowy Plan Odbudowy – amounts to €59.8 billion, and includes €25.3 billion in grants and €34.5 billion in loans. The amount is €24.5 billion (+69 %) higher than the one initially approved, and takes into account a 2022 update of the maximum financial contribution, additional loans requested by Poland, and the non-repayable allocation for REPowerEU made available in 2023. RRF support per capita for Poland totals €1 584 (up from €935 initially). Poland's NRRP has twice been amended, on 8 December 2023 to add the REPowerEU chapter, and on 16 July 2024 to adjust the timeline and scope of selected measures. The NRRP includes 54 reforms and 57 investments, and is strongly focused on the green transition and changes in energy production and consumption. The biggest components are dedicated to REPowerEU (41 % of the total allocation) and green energy and energy intensity reduction (26 %). Other priority areas include economic competitiveness, healthcare, well-functioning public institutions and the judiciary. On 28 December 2023, Poland received €5 billion in pre-financing for the REPowerEU chapter. After the satisfactory fulfilment of 37 milestones and one target, including the commitments concerning the reforms of the judicial system ('super milestones'), and improvements of the audit and control systems, Poland received the first achievements-based payment on 15 April 2024 (€6.3 billion). On 13 September, Poland submitted payment requests for the second and third instalments, amounting to €9.4 billion and linked to achieving 38 milestones and three targets. �Ϸ��վ participates in interinstitutional forums for cooperation and discussion on RRF implementation, and scrutinises the European Commission's work. This briefing is one in a series covering all EU Member States. Third edition. The 'NGEU delivery' briefings are updated at key stages throughout the lifecycle of the plans.

Avots : © Eiropas Savienība, 2024 - EP

Briefing - Ireland's National Recovery and Resilience Plan: Latest state of play - 25-07-2024

Thu, 25 Jul 2024 09:12:43 GMT

Ireland's national recovery and resilience plan (NRRP) has the fourth smallest allocation in absolute figures under the Recovery and Resilience Facility (RRF). Following the European Commission's 2022 update of national allocations, the initial €989 million allocation was adjusted to €914.4 million in grants, to be disbursed in five instalments. Ireland asked to amend its latest plan in March 2024, when it submitted a new REPowerEU chapter to accelerate the green transition, leading to the allocation of additional funding. The Council approved the new NRRP in June 2024, bringing Ireland's new total to €1 153.8 million in grants. Ireland received its first payment of €324.8 million in July 2024. Relative to the size of its economy, Ireland's RRF grants are not large: around 0.3 % of the country's 2019 gross domestic product (GDP), while the total RRF amounts to 5.2 % of 2019 EU 27 GDP. Given also that spending is spread over the years up to 2026, the RRF is not expected to have a significant direct impact on Ireland's key macroeconomic indicators. The European Commission estimates that it could increase Ireland's GDP by 0.1 % by 2026. А more significant indirect impact is expected from the overall boost to the EU economy and the associated cross-border spillover effects. The plan's overall objective is to contribute to a sustainable, equitable, green and digital recovery. It complements the government's broader domestic efforts under the economic recovery plan, underpinned by the national development plan (NDP) of €165 billion, for 2021 to 2030. Although the RRF allocation amounts to less than 1 % of the total NDP investment, the plan's 19 investments and 10 reforms focus on strategic EU priorities. The Irish NRRP allocates 50.2 % of funding to climate-related measures (boosted by REPowerEU) and, excluding REPowerEU, 34.2 % to digital measures. �Ϸ��վ participates in interinstitutional forums for cooperation and discussion on the implementation of the RRF, and scrutinises the European Commission's work. This briefing is one in a series covering all EU Member States. Fourth edition. The 'NGEU delivery' briefings are updated at key stages throughout the lifecycle of the plans.

Avots : © Eiropas Savienība, 2024 - EP

Briefing - Portugal's National Recovery and Resilience Plan: Latest state of play - 03-07-2024

Wed, 03 Jul 2024 13:50:17 GMT

Portugal is set to receive €22.2 billion in both non repayable support and loans from the Recovery and Resilience Facility (RRF), the unprecedented EU response to the crisis triggered by the coronavirus pandemic. This amount corresponds to 3.1 % of the entire RRF, and to 10.7 % of Portugal's 2019 gross domestic product (GDP). The revised plan – approved by the Council on 8 December 2023 – includes REPowerEU grants worth €0.7 billion and the transfer of Portugal's total share (€81.4 million) from the Brexit Adjustment Reserve to its national recovery and resilience plan (NRRP). The plan has a strong focus on the country's social, economic and environmental resilience, with measures targeting culture, housing, health, broad social responses, and forest and water management. Measures relating to climate transition – including key actions on industry decarbonisation and energy efficiency of buildings – reach just over 41 % of the allocation. The digital transition focus area of the Portuguese NRRP represents just over 20 % of the allocation, with measures and reforms aimed at public administration and finances, education, and businesses. Following the Council's approval of the European Commission's positive assessments of the plan, Portugal received pre-financing worth €2.16 billion for the initial plan (August 2021) and €0.17 billion for the energy-focused REPowerEU chapter (December 2023). Further payments, in 10 instalments for grants and loans, will depend on progress in implementing the plan. Portugal has so far received four instalments totalling €6.1 billion in grants and €1.66 billion in loans. �Ϸ��վ is a major supporter of the creation of a common EU recovery instrument, and takes part in interinstitutional settings to cooperate, discuss and scrutinise implementation of the European Commission's work. This briefing is one in a series covering all EU Member States. Second edition. The 'NGEU delivery' briefings are updated at key stages throughout the lifecycle of the plans.

Avots : © Eiropas Savienība, 2024 - EP

Pētījums - The current Implementation of the Sustainability-related Financial Disclosures Regulation (SFDR) - With an assessment on how the legislative framework is working for retail investors - 03-07-2024

Wed, 03 Jul 2024 22:00:00 GMT

The Sustainability-Related Financial Disclosures Regulation (SFDR) is the centrepiece of the sustainable finance strategy for funds and other financial products. However, its provisions are too complex, do not work as intended, and interact insufficiently with provisions shaping corporate reporting, indexes, or client preferences. A revised SFRD should include more recognisable product labels or categories, enable and foster transition investments, smoothly interact with corporate reporting, and expand the scope of disclosure obligations. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the Committee on Economic and Monetary Affairs (ECON).

Avots : © Eiropas Savienība, 2024 - EP

Briefing - Slovenia's National Recovery and Resilience Plan: Latest state of play - 16-04-2024

Tue, 16 Apr 2024 07:29:24 GMT

EU support for the implementation of Slovenia's modified national recovery and resilience plan (NRRP) amounts to €2 685.3 million, and includes €1 612.9 million in grants and €1 072.4 million in loans. This amount is by €203.3 million higher than that initially approved and takes into account a June 2022 update of the maximum financial contribution form the Recovery and Resilience Facility (RRF), additional loans requested by Slovenia, and non-repayable allocation for REPowerEU made available in 2023. While the overall allocation is only 0.4 % of the total RRF, it stood at 5.5 % of the country's gross domestic product (GDP) in 2019 (the RRF being 5.2 % of EU-27 GDP in 2019). With €1 274 per citizen (grants and loans), Slovenia is among the 10 biggest RRF beneficiaries per capita. So far, Slovenia has received €841 million (€531 million in grants and €310 million in loans) in pre-financing and three instalments based on the achievement of 58 milestones and targets (28 % of all to be achieved). The next payment request is scheduled for the second quarter of 2024 and should cover the fourth and fifth instalments (€392.7 million). Slovenia's NRRP tackles both the COVID-19 pandemic's socio-economic consequences and more long-standing challenges identified in the Slovenian development strategy 2030. The plan is strongly focused on the green and digital transitions. Planned spending on these areas meets the compulsory targets, totalling 48.9 % for climate and 20 % for digital (the latter excluding the REPowerEU chapter). Investments in renewable energy, energy efficiency, and sustainable mobility have been further reinforced under the new REPowerEU chapter. Other priority areas include smart, sustainable and inclusive growth, and health and welfare. �Ϸ��վ participates in interinstitutional forums for cooperation and discussion on RRF implementation, and scrutinises the European Commission's work. This briefing is one in a series covering all EU Member States. Third edition. The 'NGEU delivery' briefings are updated at key stages throughout the lifecycle of the plans.

Avots : © Eiropas Savienība, 2024 - EP

Briefing - Italy's National Recovery and Resilience Plan: Latest state of play - 03-04-2024

Wed, 03 Apr 2024 09:33:19 GMT

In absolute figures, Italy's national recovery and resilience plan (NRRP) is the largest national plan under the ground-breaking Next Generation EU (NGEU) instrument. In December 2023, a revision brought about various changes to the plan: it is now endowed with EU resources worth €194.4 billion in grants and loans, representing 26.1 % of the Recovery and Resilience Facility (RRF), or 10.8 % of the country's gross domestic product (GDP) in 2019 (the RRF being 5.2 % of EU 27 GDP in 2019). A slight upward revision of Italy's grant allocation in June 2022 and the inclusion of a new energy-focused REPowerEU chapter resulted in a €2.9 billion increase on the initial plan. In addition, Italy has earmarked national resources worth €30.6 billion to strengthen a vast programme of reforms and investment designed to promote Italy's economic recovery, while addressing a number of structural weaknesses and pursuing major objectives such as the green transition and digital transformation. Measures under the plan are to be completed by 2026. Italy has so far received 52.7 % of the resources (€102.5 billion in pre-financing and four payments for both grants and loans); this is well above the EU average (34.5 %). Another six payments each for grants and loans will depend on further progress in implementation. At the end of 2023, Italy had spent €43 billion or 22 % of the EU resources available for its NRRP, which suggests the importance of the period through to August 2026 for full implementation, not least of its investment measures. A major advocate of creating a common EU recovery instrument, the European �Ϸ��վ participates in interinstitutional forums for cooperation and discussion on its implementation and scrutinises the European Commission's work. This briefing is one in a series covering all EU Member States. Sixth edition. The 'NGEU delivery' briefings are updated at key stages throughout the lifecycle of the plans.

Avots : © Eiropas Savienība, 2024 - EP

Briefing - Slovakia's National Recovery and Resilience Plan: Latest state of play - 18-03-2024

Mon, 18 Mar 2024 15:27:00 GMT

On 11 July 2023, the Council approved Slovakia's amended national recovery and resilience plan (NRRP, Plán obnovy) and allocated €6 408.5 million in grants for its implementation (Slovakia did not request loans). The allocation is €79.4 million higher than that initially approved (6 July 2021). The difference results from a 2022 update of the maximum financial contribution from the Recovery and Resilience Facility (RRF), which reflects changes in real gross domestic product (GDP) over time, and the inclusion of a REPowerEU chapter to reinforce the plan's energy dimension. While the allocation represents only 0.9 % of the total RRF, it stood at 6.8 % of the country's GDP in 2019 (the RRF being 5.2 % of EU-27 GDP in 2019). Slovakia's allocation per capita amounts to €1 179. So far, Slovakia has received €2 673.1 million in pre-financing, and three payments for grants based on milestones and targets achieved. This represents 41.7 % of the total allocation including REPowerEU and is the third best result in the payment ranking, after France and Italy. The request for the fourth instalment (worth €799 million, net of pre-financing), submitted to the Commission on 18 December 2023, is currently under examination. According to the indicative calendar of payment requests under the plan, there should be nine requests in total, and the fifth should be submitted in the third quarter of 2024. Slovakia's modified NRRP includes 64 reforms and 64 investments, designed to tackle both the pandemic's socio-economic consequences and the long-term challenges identified by the Slovak national integrated reform plan, Modern and successful Slovakia. NRRP measures are organised around six strategic priorities: green economy; education; science, research and innovation; health; efficient public administration and digitalisation; and energy (REPowerEU). The plan is strongly focused on the green transition and digital transformation, to which 45.7 % and 20.5 % of the resources are allocated respectively. �Ϸ��վ participates in interinstitutional forums for cooperation and discussion on RRF implementation, and scrutinises the Commission's work. This briefing is one in a series covering all EU Member States. Third edition. The 'Monitoring EU recovery' briefings are updated at key stages throughout the lifecycle of the plans.

Avots : © Eiropas Savienība, 2024 - EP

Briefing - Bulgaria's National Recovery and Resilience Plan: Latest state of play - 18-03-2024

Mon, 18 Mar 2024 15:10:23 GMT

Under the Recovery and Resilience Facility (RRF), the EU response to the crisis triggered by the pandemic, Bulgaria was initially allocated €6 267.3 million in grants. In line with the RRF Regulation, on 30 June 2022, the European Commission recalculated the maximum grant amounts for all Member States; this resulted in a just over 9 % cut for Bulgaria, lowering the total to €5 688.8 million. To take this into account, as well as factor in the impact of inflation, Bulgaria submitted a modified national recovery and resilience plan (NRRP), removing and downscaling several measures. The updated plan has an estimated cost of €6 185.3 million; the financing above the maximum RRF financial contribution is expected to be supplemented with national (and private) co-financing. Bulgaria has not yet submitted a REPowerEU chapter, for which another €480.1 million in grants are available. Bulgaria's NRRP ranks eighth as a share of grants relative to gross domestic product (GDP) – 9.3 % of its 2019 GDP from 10.2 % originally (the RRF amounting to 5.2 % of EU-27 2019 GDP). RRF funds have to be paid out by end-2026. Bulgaria has so far received one payment worth €1 369 million, which the Commission disbursed on 16 December 2022. The Bulgarian NRRP aims to address the main challenges and systemic weaknesses of Bulgaria's economy. It builds on the national development programme BULGARIA 2030, which proposes solutions for medium-term growth by setting strategic objectives, such as accelerated economic development, demographic upswing and reduced inequalities. The NRRP extends the scope of reforms and investment while ensuring coherence with measures planned under EU cohesion policy. Bulgaria is one of the main beneficiaries of EU funds (measured as a share of GDP) over the 2021 2027 financing period, and complementarity with RRF resources is relevant in several fields. 57.5 % of the NRRP support is for climate objectives, making Bulgaria's plan one of the greenest; 23.1 % supports digital objectives. Both green and digital spending targets laid down in the RRF Regulation have thus been exceeded. �Ϸ��վ participates in interinstitutional forums for cooperation and discussion on the implementation of the RRF, and scrutinises the Commission's work. This briefing is one in a series covering all EU Member States. Third edition. The 'NGEU delivery' briefings are updated at key stages throughout the lifecycle of the plans.

Avots : © Eiropas Savienība, 2024 - EP

Pārskats - Debt–equity bias reduction allowance (DEBRA) - 10-01-2024

Wed, 10 Jan 2024 07:13:10 GMT

In May 2022, the Commission tabled a proposal ('DEBRA') to address the debt-equity bias in corporate taxation. As debt is treated more favourably from a tax perspective than equity, European companies are significantly more reliant on bank loans when funding new investments. To address this bias, the Commission proposes to introduce an allowance that will grant equity the same tax treatment as debt. The Council must vote unanimously, after consulting the �Ϸ��վ, to adopt the directive. �Ϸ��վ is due to vote its report during the January plenary session.

Avots : © Eiropas Savienība, 2024 - EP

Pārskats - European defence industry reinforcement through common procurement act (EDIRPA) - 06-09-2023

Wed, 06 Sep 2023 17:16:53 GMT

During the September 2023 plenary session, �Ϸ��վ is scheduled to vote on the provisional agreement on EDIRPA reached with the Council in June 2023. EDIRPA is a €300 million fund to incentivise the joint procurement of urgent and critical defence products needed in the context of the response to Russia's war on Ukraine.

Avots : © Eiropas Savienība, 2023 - EP

Pētījums - Retail Investment Strategy - How to boost retail investors’ participation in financial markets - 27-06-2023

Mon, 26 Jun 2023 22:00:00 GMT

The study developed herein aims to address the concerns raised as to the field of retail investments. It aims at analysing market practices and the applicable legislative landscape in order to identify room for improvement and, ultimately, propose potential solutions to foster retail investor protection and participation in financial markets. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the Committee on Economic and Monetary Affairs (ECON).

Avots : © Eiropas Savienība, 2023 - EP

Briefing - The EU's global approach to research and innovation - 28-03-2023

Mon, 27 Mar 2023 22:00:00 GMT

The magnitude of current global challenges, such as the climate crisis and the COVID-19 pandemic, stresses the relevance of joining forces worldwide and pooling human and financial resources to facilitate the creation and dissemination of knowledge and innovative solutions for EU research. In 2021, the European Commission adopted a communication on a global approach to research and innovation – the new European strategy for international cooperation. In 2022, the European �Ϸ��վ and the EU Member States responded to the communication with respectively a resolution and a declaration tabled by the Council presidency. Acknowledging the effects of the current geopolitical tensions, including the Russian invasion of Ukraine, they outlined how to ensure that Europe's openness to the world will safeguard EU strategic autonomy, interests and values. Following the launch of Horizon Europe in 2021, the EU is expected to intensify international cooperation, including by extending association to the programme to new partners such as Australia, Canada, Japan, Singapore and New Zealand. The participation of stakeholders in international cooperation activities is key to Europe's capacity to expand its scientific and technological leadership – thus far established in the domain of joint exploratory scientific activities, including transdisciplinary initiatives – to also cover technological development and standardisation. European research and innovation players are unambiguously supporting international cooperation for global goods, such as knowledge, the environment and global health. They also express hopes that the United Kingdom will swiftly join Horizon Europe as an associated country. The first data available on non-EU-based legal entities' participation in Horizon Europe confirm a significant improvement: as of 21 February 2023, they take part in 42.17 % of the 5 200 grant agreements that have been signed since the programme was launched in 2021. This updates a briefing published in June 2022.

Avots : © Eiropas Savienība, 2023 - EP

Briefing - Harmonising certain aspects of insolvency law - 23-03-2023

Wed, 22 Mar 2023 23:00:00 GMT

The initiative aims to harmonise certain substantive rules on insolvency proceedings across the EU. The IA examines the nature and scale of the problems and who they affect. It establishes a clear intervention logic, from the problems and their drivers to the initiative's objectives and options. The IA identifies only two options, which are cumulative. It is questionable whether such options qualify as alternative options, as required in the BRGs. This range of options is very limited, and some policy measures do not have alternatives. The assessment of the economic, social and environmental impacts is mostly qualitative, but the IA also presents quantified estimates. Limitations and uncertainties in the analysis are described in a transparent manner. The IA gives an exhaustive account of the stakeholder groups' views on the problems, their drivers, the objectives and the options. The IA would have benefited from a more comprehensive analysis of the impacts on SMEs. It is in fact questionable whether the SME test has been fully performed, as it would appear from the IA that a dedicated consultation of SMEs was not conducted.

Avots : © Eiropas Savienība, 2023 - EP

Briefing - Harmonising certain aspects of insolvency law in the EU - 14-03-2023

Mon, 13 Mar 2023 23:00:00 GMT

On 7 December 2022, the Commission tabled a proposal for a directive aimed at enhancing and harmonising insolvency law in the EU. The proposal seeks to make it easier to recover assets from the liquidated insolvency estate; render insolvency proceedings more efficient; and ensure a predictable and fair distribution of recovered value among creditors. The directive would complement two recently adopted pieces of legislation, namely, the directive on pre-insolvency proceedings and debt discharge following insolvency proceedings, and the regulation on the determination of jurisdiction and applicable law for cross-border insolvency. In the European �Ϸ��վ, the referral was announced in plenary on 26 January 2023, and the file was assigned to the Committee on Legal Affairs (JURI). �Ϸ��վ has expressed concern at the lack of harmonisation of insolvency law across the EU on several occasions in the framework of previous legislative procedures. First edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

Avots : © Eiropas Savienība, 2023 - EP

Briefing - Amendments to the Capital Requirements Regulation in the area of resolution ('daisy chain' proposal) - 12-12-2022

Mon, 12 Dec 2022 09:56:13 GMT

On 27 October 2021, the Commission tabled a regulation amending the Capital Requirements Regulation (CRR) and the Banking Resolution and Recovery Directive (BRRD) with a view to resolving inconsistencies regarding the internal minimum requirements for own funds and eligible liabilities (iMREL). The iMREL are indirectly channelled through a number of intermediate parents up to the resolution entity of the group, in a process also known as a 'daisy chain'. In its negotiating position adopted in February 2022, �Ϸ��վ supported the proposal suggesting some changes. The provisional agreement resulting from interinstitutional negotiations adds provisions for a framed review that takes into account the different types of banking group structure. �Ϸ��վ adopted the agreement on 13 September 2022, and the final act was published in the Official Journal on 25 October 2022. First edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

Avots : © Eiropas Savienība, 2022 - EP

Pārskats - Question time: New orientations for the EU's economic governance framework - 18-11-2022

Thu, 17 Nov 2022 23:00:00 GMT

In October 2021, the European Commission relaunched, following a pause in 2020 as a result of the COVID-19 pandemic, the review of the EU's economic governance framework. In the context of heightened economic and geopolitical uncertainty, the review has put the spotlight back on the fiscal rules, its relevance and effectiveness. On 9 November 2022, the Commission published a communication on orientations for a reform of the EU economic governance framework, which outlines how key economic and policy issues should be addressed through EU economic policy coordination and surveillance. A question time with the Commission on the orientations is scheduled to be held during the European �Ϸ��վ's November II plenary session.

Avots : © Eiropas Savienība, 2022 - EP

Pārskats - What if a 'Trojan horse' strategy could help address antimicrobial resistance? - 16-11-2022

Tue, 15 Nov 2022 23:00:00 GMT

Antimicrobial-resistant infections are predicted to become the second biggest cause of death worldwide by 2050. Despite increasing investment in the development of new antimicrobials, awareness campaigns on antimicrobial misuse and abuse, and monitoring of antimicrobial use and resistance in animals, humans and the environment, antimicrobial resistance continues to grow and the last three decades have not seen even one novel antimicrobial class reach the market. Could the answer lie in a 'Trojan horse' strategy to disrupt a natural physiological process common to all bacteria?

Avots : © Eiropas Savienība, 2022 - EP

Pārskats - Borrowing strategy to finance Next Generation EU - 16-11-2022

Tue, 15 Nov 2022 23:00:00 GMT

At its November II plenary session, �Ϸ��վ is expected to vote on the report by the Committee on Budgets (BUDG) on the borrowing strategy to finance Next Generation EU (NGEU). The report assesses the strategy's implementation, explores potential positive impacts and challenges, urges the Commission to report systematically to �Ϸ��վ, and stresses the need for transparency and for new own resources.

Avots : © Eiropas Savienība, 2022 - EP

Briefing - China's economic coercion: Evolution, characteristics and countermeasures - 15-11-2022

Mon, 14 Nov 2022 23:00:00 GMT

Non-military coercion, which means using economic means to achieve political goals, has become an increasingly serious problem for EU governments and businesses. Experts believe that China, traditionally an opponent of economic sanctions, has been deploying coercive economic practices with growing intensity and scope, particularly since the reappointment of Xi Jinping as the country's president in 2018. Frequently deployed to gain leverage on issues such as territorial and maritime disputes, these measures are criticised for the human rights violations they entail and for contributing to the protection of China's security interests. China's tactics have become more sophisticated over time, and a combination of different methods has often been used to amplify the impact. Both governments and companies are subjected to coercion, and the methods used depend on the choice of target. Governments are targeted chiefly through trade restrictions, and companies through general public (popular) boycotts. Other measures include administrative discrimination, investment and tourism restrictions and empty threats. The most frequently targeted sectors are 'symbolic' industries that are easily identifiable with the coerced country, and agricultural and consumer goods and services. A distinct characteristic of Chinese coercion is that it happens 'behind the curtains': the state rarely acknowledges the deployment of measures or the links between them and the country's perceived interest. This makes the task of challenging these practices in forums such as the WTO very difficult or simply impossible, as is often the case. While the short-term effect on affected companies and industries is undoubtedly significant, experts agree that in general China has been rather unsuccessful in changing the long-term stance of targeted countries, and that in the majority of cases it has failed to meaningfully reorient their policies. The EU is currently expanding its toolkit against such practices. One novel tool is the anti-coercion instrument currently under consideration by the European �Ϸ��վ and the Council. Experts also suggest other measures, such as creating a dedicated EU resilience office or an export bank, and boosting cooperation with like-minded countries facing the same problems.

Avots : © Eiropas Savienība, 2022 - EP