Economic and Financial Affairs

The Commission has provided policy guidance to Member States under the 2024 European Semester Spring Package to build a robust and future-proof economy that secures competitiveness, resilience and long-term prosperity for all, while maintaining sound public finances, in the face of a challenging geopolitical environment.

The Commission has published the 2024 Convergence Report in which it provides its assessment of the progress non-euro area Member States have made towards adopting the euro. The report covers: Bulgaria, Czechia, Hungary, Poland, Romania and Sweden.

The Commission and Banco Português de Fomento have signed an InvestEU guarantee agreement worth up to €210 million which is expected to mobilise more than €3 billion in investments. BPF will utilise the European Union guarantee of the InvestEU programme to mobilise investments in Portugal using three of its “policy windows”: Sustainable Infrastructure, SMEs as well as Social Investment and Skills.

The Commission has approved a positive preliminary assessment of 53 milestones and targets related to Italy's fifth payment request for €11 billion under the Recovery and Resilience Facility (RRF), the centrepiece of NextGenerationEU.

The Commission has endorsed a positive preliminary assessment of Slovakia's fourth payment request for €799 million under the Recovery and Resilience Facility, the centrepiece of NextGenerationEU.

This paper provides assessment of Member States with a derogation regarding their fulfilment of the conditions for euro adoption.

This report contains the Commission's assessments of the 2024 Economic Reform Programmes (ERPs) of countries that are candidates or potential candidates for EU membership.