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In December 2023, the Commission disbursed €779.5 million to Hungary in loans, €109.8 million to Lithuania in loans, as well as €5 billion to Poland in loans and grants, as part of pre-financing relating to the REPowerEU funds under the Recovery and Resilience Facility (RRF). This will accelerate the delivery on the REPowerEU Plan's objectives to save energy, produce clean energy and diversify energy supplies.

“We mean business when it comes to Europe’s battery industry. It is of strategic importance and a key battleground for global competitiveness. Northvolt, our battery pioneer, showcases that the EU has what it takes to build an innovative, sustainable and globally competitive battery ecosystem.”

The InvestEU programme has provided support to two investments worth around €392 million for the expansion of Europe's first circular battery production gigafactory in Skellefteå, Sweden. The expansion is expected to increase the output capacity for battery production to up to 60 gigawatt hours per year.

This edition analyses three aspects of the possible macroeconomic consequences of the tightening of financing conditions in the euro area following the surge in inflation since mid-2021. First, it investigates banks profits. Second, it examines the vulnerabilities linked to government contingent liabilities related to the banking sector. Finally, it studies how higher interest rates may impact household debt.

The reports present the findings of the post-programme surveillance missions to the five Member States and identify the remaining challenges in each one of them.

Registration for the InvestEU: Financing Europe’s Future event is now open. The event will highlight the opportunities offered by InvestEU, showcase InvestEU beneficiaries, and provide an opportunity for engagement with InvestEU partners and stakeholders. Click on the link below to keep up to date on the programme and speakers.

SURE was established in May 2020 to help Member States fight the negative economic and social consequences of the COVID-19 pandemic. The European Commission has launched an open public consultation to evaluate how SURE has delivered on its main objectives to protect jobs and workers.

Real Economy asks if businesses and consumers are really seeing a drop in prices, and look ahead to how Europe's economic growth will evolve in the coming months. The episode features an interview with Commissioner Paolo Gentiloni.

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These pre-financing payments will help to kick-start the implementation of the crucial investment and reform measures outlined in each REPowerEU chapter to save energy, produce clean energy and diversify energy supplies.

The Commission has received the fourth payment request of Spain for €10 billion, as well as Lithuania's, Estonia´s and Cyprus´s second payment requests worth €360 million, €122.3 million and €152 million respectively. It has also received Romania's third payment request (€2 billion), Slovakia's fourth payment request (€799 million), Poland's first payment request (€6.3 billion), and Czechia's second and third payment requests (€702 million).

The assessment concerns the payment requests that Portugal submitted in October 2023, for the third and fourth grant instalments (€1.77 billion and €0.82 billion) and the third and fourth loan instalments (€0.36 billion and €0.22 billion).

This is the final instalment under the Macro-Financial Assistance + package for Ukraine, bringing total support to the maximum level of €18 billion, the largest macro-financial assistance operation in the history of the instrument.

“The breakthrough at today's Ecofin video conference takes us a big step forward. Given the significant economic challenges we are facing, we must have this framework which ensures fiscal sustainability as well as sustainable and inclusive growth: through stronger ownership and enforcement, risk-based differentiation and incentives for investments and reforms.”

The Ecofin Council reached a political agreement on the economic governance review after many weeks of intensive negotiations. The Commission will continue to assist the EU Council Presidency so that this political agreement can be transposed into a general approach as soon as possible. This will pave the way for opening trilogue negotiations with the European Parliament.

This report by the European Commission presents the findings of the 18th post-programme surveillance mission to Portugal and identifies remaining challenges.

his report by the European Commission presents the findings of the fifteenth post-programme surveillance mission to Cyprus and identifies remaining challenges for the Cypriot economy.

This report by the European Commission presents the findings of the 20th post-programme surveillance mission to Spain and identifies remaining challenges.

This report by the European Commission presents the findings of the 3rd post-programme surveillance mission to Greece and identifies remaining challenges.

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