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Top story
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Halfway through its lifetime, the Recovery and Resilience Facility continues to deliver across the EU through ambitious reforms and investments
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The Commission has presented the mid-term evaluation of the Recovery and Resilience Facility (RRF), the EU's recovery instrument at the heart of the €800 billion NextGenerationEU (NGEU) plan. It finds that the RRF continues to make a real difference on the ground across the EU.
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Viewpoint
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Paolo Gentiloni, Commissioner for Economy
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“Half-way through the lifetime of the RRF, we can point to a number of key achievements. In the darkest months of the pandemic, the announcement helped to calm markets and avoid a great fragmentation among EU economies. Then as funds started flowing, the RRF gave a boost to the economic rebound, sustaining public investment and accelerating the reduction in unemployment.”
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News
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Poland's efforts to restore rule of law pave the way for accessing up to €137 billion in EU funds
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The Commission has concluded its preliminary assessment of Poland's first payment request under the Recovery and Resilience Facility. It concludes that Poland has satisfactorily fulfilled the two “super milestones” to strengthen important aspects of the independence of the Polish judiciary through reforming the disciplinary regime for judges. Once confirmed by Member States, today's Commission assessment would allow for the disbursement of €6.3 billion in the coming weeks.
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Commission endorses positive preliminary assessment of Croatia's fourth payment request for €162.5 million under the Recovery and Resilience Facility
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This payment request covers reforms and investments in areas such as public administration, the judiciary, public procurement, early childhood education and care, the decarbonisation of the energy sector, electronic communications, research and innovation, and health.
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Commission endorses positive preliminary assessment of Denmark´s second payment request for €422 million under the Recovery and Resilience Facility
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The payment request covers reforms and investments in the areas of digitalisation of healthcare administration, energy efficiency, cybersecurity, healthcare, as well as research and innovation for the green transition.
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Commission approves positive preliminary assessment of Lithuania's second payment request for €360 million under the Recovery and Resilience Facility
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This payment request covers the implementation of reforms in key areas such as social assistance, ecological transition, public procurement and modernisation of industry.
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Commission approves positive preliminary assessment of Czechia's second payment request under the Recovery and Resilience Facility
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This payment request covers the implementation of four reforms and 24 investments that will drive positive changes for both citizens and businesses in Czechia, impacting key areas such as clean mobility, health, forestry, water management, research, and digitalisation.
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InvestEU backs €50 million Nordic Investment Bank loan to boost wind energy capacity in Finland
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The Nordic Investment Bank (NIB) and Pahkakosken Energia Oy have agreed a 15-year loan to build a 186 megawatt onshore wind farm in North Ostrobothnia in Finland. The agreement is worth €50 million and is supported by the InvestEU programme.
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Speeches
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Remarks by Commissioner Gentiloni at the Eurogroup press conference
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The Capital Markets Union is not a “nice-to-have”. It is a must-have and an urgent one. I think this was very clear in the discussion today.
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Statements by Executive Vice-President Dombrovskis and Commissioner Gentiloni at the press conference on the mid-term evaluation of the Recovery and Resilience Facility
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The RRF played an important role in sustaining the robust rebound after the pandemic, which saw the EU economy return to its pre-pandemic output level by the third quarter of 2021 – sooner than expected. This again was very different to what happened in the wake of the financial crisis, when it took seven years for output to fully recover.
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Events and notices
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Save the date: Brussels Economic Forum, 16 May 2024
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Save the date for the European Commission’s Brussels Economic Forum on 16 May 2024. Join us in Brussels or online for a day of debates and networking with speakers and participants from across the world. Keep up to date on programme.
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Publications
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