Economic and Financial Affairs

The European economy continues to show resilience in a challenging global context. This better-than-expected start to the year lifts the growth outlook for the EU economy to 1.0% in 2023 and 1.7% in 2024.

The Commission has provided guidance to Member States to build a robust and future-proof economy that secures competitiveness and long-term prosperity for all in the face of a challenging geopolitical environment.

The Commission has today made a fourth payment of €1.5 billion under the Macro-financial Assistance (MFA)+ package for Ukraine, worth up to €18 billion. With this instrument, the EU seeks to help Ukraine cover its immediate funding needs, with stable, predictable and sizeable financial support in 2023.

The payment of €542 million was made possible by Lithuania's fulfilment of 31 milestones linked to the first instalment. They cover key reforms in the areas of the green and digital transition, education, innovation and science, social protection and employment.

This third payment request relates to 39 milestones and three targets. They cover investments in electromobility and charging infrastructure for electric vehicles, the launch of projects relating to energy-efficiency renovations in residential buildings, the digitalisation of public administration, and the uptake of fiber optic infrastructure in buildings.

The European Investment Fund (EIF), backed by the InvestEU programme, has provided UniCredit Group with two guarantees worth €370 million to boost investments carried out by small and medium-sized businesses (SMEs) in Bulgaria, Croatia, Czechia, Hungary, Romania, Slovakia, and Slovenia.

The 2023 country reports take stock of the specific socio-economic challenges in every Member State and outline to what extent these are being addressed in the countries' recovery and resilience plans.

The Article 126(3) report assesses 16 Member States' compliance with the deficit and debt criteria of the Treaty.

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

This report by the European Commission presents the findings of the 14th post-programme surveillance mission to Cyprus and identifies remaining challenges.

This report by the European Commission presents the findings of the 2nd post-programme surveillance mission to Greece and identifies remaining challenges.

This report by the European Commission presents the findings of the 19th post-programme surveillance mission to Spain and identifies remaining challenges.

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

The paper presents the European Commission services’ evaluation of the economic adjustment programmes of Greece during the period 2010-2018. As for any evaluation report, the aim is to analyse results and draw lessons in order to inform possible future decisions. This evaluation draws on an independent report which was published at the same time. In line with the main findings of the external report, the evaluation shows that the economic adjustment programmes of Greece did not initially perform as expected, but that their results improved over time and their main objectives have been achieved. With significant financing over the period 2010–2018, Greece gradually started recovering and returned to sovereign markets.