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Latvia is set to receive non-repayable financial support (grants) worth €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 €1 826 million. In June 2022, Latvia's grant allocation was increased by €9 million. In September 2023, Latvia ...

The EU's integration, from the establishment of the European Economic Community in 1957 to the welcoming of 13 European countries in the 2004-2013 period, has been lauded for boosting economic development and living standards across the continent, bringing dynamism and new perspectives as well as enhancing Europe's geopolitical weight on the global stage. This economic development has been accompanied by dramatic improvements in life expectancy, gender equality and protection of the environment. ...

For the European Union to compete globally while continuing to ensure progress in environmental, social and fundamental rights, more strategic and collective action is imperative. In a world where some leading global businesses have a market capitalisation of more than €3 trillion, an integrated economic, financial and fiscal policy framework is needed to encourage innovation and growth, including for successful SMEs. As the recent Letta and Draghi reports highlight, this requires clear political ...

Sustainable finance refers to the process of taking environmental, social and governance (ESG) considerations into account when making investment decisions in the financial sector. This could lead to investors channelling more investment into the transition to a climate-neutral, climate-resilient, resource-efficient and fair economy with a high level of quality governance requirements. Sustainable finance therefore has a key role to play in delivering on the policy objectives under the European Green ...

Under the Recovery and Resilience Facility (RRF), Lithuania's national recovery and resilience plan (NRRP) had an initial value of €2 224 million. In June 2022, Lithuania's grant allocation was revised downwards to €2 100 million (- 5.6 %). In October 2023, however, Lithuania submitted a request to amend its NRRP, which includes an additional grant allocation of €193.7 million for a new REPowerEU chapter and a loan request worth €1 551.7 million. Lithuania also requested to transfer a portion of ...

Provocările cu care ne confruntăm la nivel mondial – inclusiv schimbările climatice, conflictele geopolitice, erodarea principiilor democratice și inegalitățile sociale – afectează viața de zi cu zi și perspectivele de viitor ale cetățenilor. Un răspuns comun la nivel european, pentru următorii 10 ani, ne-ar putea ajuta să facem față acestor provocări – și ar putea genera beneficii de până la 3 mii de miliarde de euro anual. Această sumă reprezintă circa 18 % din produsul intern brut (PIB) al UE ...

This study has been drawn up by the European Added Value Unit within the European Ϸվ's Directorate-General for Ϸվary Research Services. It is part of a research project to better define the concepts of the cost of non-Europe and of European added value. The study recounts the development of these concepts and specifically how they have been used to support the European Ϸվ's work in setting the legislative agenda. It also presents their theoretical underpinnings and the main ...

EU border regions encounter legal and administrative obstacles in their cooperation. Citizens and businesses face unequal access to public services and fewer economic opportunities. COVID has highlighted the urgent need to address the remaining cross-border obstacles and define a long-term vision for unleashing the potential of border regions to become the drivers of European cooperation. The study identifies three policy options: status quo, soft-law measures, and adopting a new instrument (ECBM ...

Deși integrarea europeană este un factor esențial al creșterii economice, al păcii, al protecției mediului și al prosperității sociale, ne confruntăm în continuare cu provocări persistente și se prevăd potențiale crize. Privind în perspectivă, Europei i se deschide o serie de căi posibile. Parlamentul European crede într-o acțiune ambițioasă și colectivă a Uniunii Europene, care poate aduce câștiguri potențiale semnificative, nu numai în prezent, ci și în diverse posibile scenarii viitoare. Acesta ...

This 'cost of non-Europe' report looks at the potential benefits of efficient, ambitious and united EU-level action in the space sector. The report finds that to enable the European space sector to benefit from open strategic autonomy, and to ensure EU access to and use of space, including for its security, the EU must act decisively. Moving away from fragmentation could bring large benefits, amounting to at least €140 billion per year by 2050.