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These 17 in-depth reviews present the main findings of the assessment of macroeconomic vulnerabilities in the concerned Member States.

This report by the European Commission presents the findings of the 17th post-programme surveillance mission to Portugal and identifies remaining challenges.

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The Commission held its flagship annual economic event, the Brussels Economic Forum, on 4 May 2023. Speakers included Kristalina Georgieva, Valdis Dombrovskis, Paolo Gentiloni, Paschal Donohoe, Nadia Calviño and many more discussed how we can build a new competitive model for Europe among global tensions and scarce resources. You can replay the event and check out the pictures from the day. We also want to hear your opinion and your suggestions for next years’ edition.

“We have debated extensively and consulted widely. Now we need to forge a consensus among Member States and the European Parliament: to rediscover that unity of purpose that helped Europe navigate the immense challenges of the past three years. I am convinced that we can and that this new framework will support both stability and growth in the EU for years to come.”

The European Investment Fund (EIF) has agreed to provide a guarantee to microStart, a leading microfinance institution in Belgium, so that it can make at least €30 million available to Belgian microenterprises. Thanks to this operation, which benefits from the support of the InvestEU programme, microStart will be able to improve access to finance for the smallest Belgian entrepreneurs.

The Commission has paid the third and final instalment of €200 million in Macro-Financial Assistance to Jordan. This financial support is an important demonstration of the EU's partnership and solidarity with Jordan. It has helped the country address its urgent financing needs, supported overall macro-economic stability and was a key driver of the implementation of transformative reforms.

The Commission has presented legislative proposals to implement the most comprehensive reform of the EU's economic governance rules since the aftermath of the economic and financial crisis. The central objective of these proposals is to strengthen public debt sustainability and promote sustainable and inclusive growth in all Member States through reforms and investment.

The Commission has made a third payment of €1.5 billion under the Macro-financial Assistance (MFA)+ package for Ukraine, worth up to €18 billion. This support will help Ukraine to keep on paying wages and pensions and maintain essential public services running, such as hospitals, schools, and housing for relocated people.

The payment of €301 million in grants was made possible by Denmark's fulfilment of the 25 milestones and targets linked to the first instalment. The request covers key steps of the green tax reform in support of the green and digital transition of businesses and a reform for a more digital health system.

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The Annual Research Conference is the European Commission’s flagship research forum that brings together leading researchers working on economic policy design at European and national levels. Researchers are invited to submit papers by 31 May 2023. The authors of selected papers will be invited to attend the conference in Brussels on 13-15 November.

Catch up on the Brussels Economic Forum!

Watch live now - the Brussels Economic Forum is about to start

The European economy continues to show resilience in a challenging global context. Lower energy prices, abating supply constraints and a strong labour market supported moderate growth in the first quarter of 2023, dispelling fears of a recession and lifting the growth outlook for 2023 and 2024. Projections for inflation have been revised upwards on the back of persisting core price pressures.

One week to go: Five reasons to attend the Brussels Economic Forum in person

The special topic analyses managers’ selling price expectations in industry, services and retail trade with a view to future trends in consumer price inflation.

The most recent episode of Real Economy examines how the Recovery and Resilience Facility is helping to make Portugal more sustainable, resilient and better prepared for the green and digital transitions. The episode features an interview with Mariana Vieira da Silva, Minister of the Presidency in the Portuguese government, on the RRF’s impact and the lessons learned from its implementation on the ground.

The European Investment Fund (EIF) and Noviti Finance, Lithuania's alternative non-bank business financier, have signed a portfolio guarantee agreement under which almost €47 million will be lent on preferential terms to micro-businesses in Lithuania, Latvia, and Poland. The EIF guarantee benefitting the microfinance business is provided under the European Union's InvestEU programme.

This report provides an overview of fiscal sustainability challenges faced by EU Member States over the short, medium and long term.