Commission disburses third payment of €18.5 billion to Italy under the Recovery and Resilience Facility
The payment of €18.5 billion in grants and loans was made possible by Italy's fulfilment of the 54 milestones and targets linked to the third instalment. They include several key reforms in areas such as competition, justice, education, as well as investments in digitalisation, renewables, electricity grids, railways, and social policies.
Commission receives second payment request from Bulgaria for €724 million under the Recovery and Resilience Facility
Bulgaria's second payment request for €724 million in grants relates to 61 milestones and 5 targets, covering investments in areas such as research and innovation, smart industry, the renovation of buildings and the digitalisation of the electricity transmission grid. The Commission will now assess the request.
Commission receives Portugal's payment request for the third and fourth instalments under the Recovery and Resilience Facility
The Commission has received the payment request from Portugal for the third and fourth instalments under the Recovery and Resilience Facility. The request covers reforms such as improving the quality and sustainability of public finances and improving access to highly regulated professions, as well as investments in housing and education.
NextGenerationEU: Commission endorses Spain's €163 billion modified recovery and resilience plan, including a REPowerEU chapter
The Commission has given a positive assessment of Spain's modified recovery and resilience plan, which includes a REPowerEU chapter. The plan is now worth €163 billion (€83 billion in loans and €80 billion in grants) and covers 111 reforms and 142 investments. The Council will now have, as a rule, four weeks to endorse the Commission's assessment.
ING Belgium to make up to €214 million in extra financing available for Belgian SMEs through EIF and InvestEU
A European Investment Fund guarantee agreement with ING Belgium will enable up to €214 million in new financing for Belgian small and medium-sized enterprises. The agreements were made possible with the support of the InvestEU programme.
InvestEU: €10 million support by the European Investment Bank to allow the scale-up of cancer detection technology in Poland
The European Investment Bank (EIB) has signed an agreement for a loan of up to €10 million with Lublin-based Polish company SDS Optic Inc., to support the development and commercialisation of its diagnostic and monitoring photonic biosensing platform. The EIB investment is backed by the InvestEU programme
The Brussels Economic Forum (BEF) will play its part in fostering debates on the key issues for the citizens heading to the polls in the 2024 European elections. We need your ideas on speakers and topics that you would like to see at the event. Send us your suggestions and be part of BEF 2024!
Register now to this year’s hybrid edition of the Annual Research Conference 2023, European Integration, Institutions and Development, taking place in Brussels on 13, 14 and 15 November 2023. Check the website for more details on the programme.
This newsletter is published by the European Commission's Directorate General for Economic and Financial Affairs. The Directorate‑General for Economic and Financial Affairs is the Commission department responsible for EU policies promoting economic growth and recovery, higher employment, stable public finances and financial stability.
The European Commission is committed to personal data protection. Any personal data is processed in line with the Regulation (EU) 2018/1725. Please read the privacy statement
The European Commission is committed to personal data protection. Any personal data is processed in line with the Regulation (EU) 2018/1725. Please read the privacy statement.
