During a visit to Portugal on 10 May, Elisa Ferreira, Commissioner for Cohesion and Reforms, attended the Europe Day celebrations in the city of Évora, hosted by the Commission's Representation in the country.
On 10 May, the Commission endorsed a positive preliminary assessment of Croatia's payment request for €700 million in grants under the Recovery and Resilience Facility (RRF), the key instrument at the heart of NextGenerationEU.
On 18 May, the Commission set out plans in a Communication for the EU's immediate response to address Ukraine's financing gap, as well as the longer-term reconstruction framework.
The Brussels Economic Forum (BEF), the flagship annual economic event of the European Commission took place on 17 May 2022.
“Real growth projections for the EU this year and next have been revised down under the heavy impact of Russia's invasion of Ukraine. Still, the European economy is expected to continue expanding as residual support from the post-pandemic re-opening and the strong policy response to the COVID-19 shock still support growth.”
The outlook for the EU economy before the outbreak of the war was for a prolonged and robust expansion.
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On 29 April, the Commission received the first payment request from Slovakia under the Recovery and Resilience Facility (RRF).
On 30 April, the Commission received Spain's second payment request under the Recovery and Resilience Facility (RRF), for a disbursement of €12 billion in financial support (net of pre-financing).
The Brussels Economic Forum (BEF), the flagship annual economic event of the European Commission is taking place on 17 May 2022.
“Completing the Banking Union has remained a priority for the European Commission throughout this time. So, we fully and strongly support the efforts of the Eurogroup President to create a new political impetus to drive this work forward.”
Meeting on 3 May by videoconference, the Eurogroup discussed a draft work plan on the Banking Union presented by Eurogroup President Paschal Donohoe. Completing the Banking Union is a key European objective aimed at further strengthening the EU’s financial sector.
Opening statement by Executive Vice-President Dombrovskis at the 6th Recovery and Resilience Dialogue at the European Parliament
