European Business Cycle Indicators - Results of the October/November 2022 survey on investment in the manufacturing and services sectors. 4th Quarter 2022 (17/01/2023)
This publication analyses the results of the specific questions on investment included in the October-November surveys for the manufacturing and services sectors.
The Green Deal Industrial Plan: putting Europe's net-zero industry in the lead (08/12/2022)
The Commission has presented a Green Deal Industrial Plan to enhance the competitiveness of Europe's net-zero industry and support the fast transition to climate neutrality.
President Ursula von der Leyen (02/02/2023)
"We have a once in a generation opportunity to show the way with speed, ambition and a sense of purpose to secure the EU’s industrial lead in the fast-growing net-zero technology sector."
Smooth euro changeover in Croatia (02/02/2023)
A Commission survey conducted in Croatia after the euro fully replaced the kuna shows that a substantial majority of Croatian citizens believe the changeover happened smoothly and efficiently.
Eurobarometer survey on NextGenerationEU shows that the recovery instrument is closely aligned with citizens' expectations and needs (02/02/2023)
A Eurobarometer survey shows that more than seven out of ten respondents support the principle of solidarity underpinning NextGenerationEU, with Member States agreeing to support each other financially in order to emerge stronger from the COVID-19 pandemic.
Speech by Paolo Gentiloni at the Hertie School - A Union of Security and Solidarity: Building a fairer, greener and competitive European economy (01/02/2023)
Title Speech by Paolo Gentiloni at the Hertie School - A Union of Security and Solidarity: Building a fairer, greener and competitive European economy
NextGenerationEU: Commission disburses second payment of €3.6 billion to Greece under the Recovery and Resilience Facility (08/12/2022)
The Commission has disbursed a second payment of €3.6 billion to Greece under the Recovery and Resilience Facility. The disbursement was made possible by Greece's fulfilment of the 28 milestones and targets linked to the second instalment.
EU Candidate Countries’ & Potential Candidates’ Economic Quarterly (CCEQ) – Western Balkans and Türkiye. 4th Quarter 2022 (25/01/2023)
This publication presents an overview of economic developments in candidate and pre-candidate countries.
InvestEU: Commission and Council of Europe Development Bank build on cooperation and sign additional agreement to provide advisory support for social investment projects (01/02/2023)
The Commission has signed an agreement with the Council of Europe Development Bank (CEB) to provide advisory support to social investment projects across Europe under the InvestEU programme.
Speech by Executive Vice-President Dombrovskis at the high-level conference: “Croatia, the 20th member of the euro area" (01/02/2023)
Speech by Executive Vice-President Dombrovskis at the high-level conference: “Croatia, the 20th member of the euro area"
Opening remarks by Commissioner Paolo Gentiloni at the Eurogroup press conference (01/02/2023)
Opening remarks by Commissioner Paolo Gentiloni at the Eurogroup press conference
How is Croatia adapting to the euro? (01/02/2023)
The most recent episode of Real Economy looks at Croatia’s euro changeover. The episode examines the impact on the country’s tourism and manufacturing sector and features an interview with Governor of the Central Bank of Croatia Boris Vujcic.
On 1 January 2023 Croatia adopted the euro as its currency. This marks an important milestone in the history of Croatia, of the euro area and of the EU as a whole. It follows a period of intensive preparation and substantial efforts by Croatia to meet all the necessary requirements.
Commission provides additional €500 million in exceptional macro-financial assistance to Ukraine (11/01/2023)
The Commission has disbursed the third and final tranche of €500 million under the €5 billion exceptional macro-financial assistance (MFA) operation for Ukraine.
Paolo Gentiloni, European Commissioner for the Economy (21/12/2022)
This New Year will be an unforgettable one for the Croatian people, as their country becomes the twentieth member of our common currency and at the same time joins the Schengen area. What a historic milestone both for Croatia and for the European Union as a whole!
Commission welcomes political agreement on REPowerEU under the Recovery and Resilience Facility (11/01/2023)
On 14 December, the Commission welcomed the political agreement reached between the European Parliament and the Council on financing REPowerEU and enabling Member States to introduce REPowerEU chapters in their recovery and resilience plans.
NextGenerationEU: Commission disburses first payment of nearly €1.4 billion to Bulgaria and second payment of €700 million to Croatia under the Recovery and Resilience Facility (21/12/2022)
On 16 December, the Commission paid €1.37 billion to Bulgaria and €700 million to Croatia under the Recovery and Resilience Facility (RRF).
NextGenerationEU: Commission approves positive preliminary assessment of Portugal's second application for €1.8 billion under the Recovery and Resilience Facility (21/12/2022)
On 16 December, the Commission approved a positive preliminary assessment of Portugal's request for payment of €1.8 billion in grants and loans under the Recovery and Resilience Facility (RRF), the key instrument at the heart of NextGenerationEU.
Commission presents Opinion on Italy's updated Draft Budgetary Plan for 2023 (21/12/2022)
On 14 December, the Commission adopted its Opinion on Italy's updated Draft Budgetary Plan (DBP) for 2023.
InvestEU: Commission signs agreement with Nordic Investment Bank to unlock €480 million in green investments (21/12/2022)
The European Commission and the Nordic Investment Bank (NIB) have signed an InvestEU guarantee agreement worth up to €114 million.
InvestEU: Commission signs agreement with Caisse des Dépôts et Consignations to unlock €700 million in investments across France (21/12/2022)
The European Commission and the Caisse des Dépôts (CDC) have signed an InvestEU guarantee agreement worth up to €350 million.
Replay Policy Dialogue #21: Supporting people now and repowering our economy for the future with Executive Vice-President Valdis Dombrovskis (21/12/2022)
The exchange between Executive Vice-President Dombrovskis and youth representatives on how we can best support EU citizens to deal with the immediate effects of the energy crisis and inflation and build a fair, more inclusive and sustainable future for the next generation is now available to replay online.
Protecting jobs and workers: Commission makes final payment of €6.5 billion under SURE, bringing total support to Member States to €98.4 billion (21/12/2022)
The Commission disbursed more than €6.5 billion on 14 December to nine Member States in the final operation under SURE, the instrument designed to protect jobs and incomes affected by the COVID-19 pandemic.
NextGenerationEU: Commission receives third payment request from Italy for €19 billion in grants and loans under the Recovery and Resilience Facility (11/01/2023)
Italy's third payment request relates to 55 milestones and targets covering several reforms in the areas of competition, justice, education, undeclared work and water management, as well as investments in cybersecurity, renewables, grids, railways, research, tourism, urban regeneration and social policies.
2023 Euro Area Report (11/01/2023)
The reports provides an overview of economic developments and policy challenges in the euro area. It focuses in particular on the risks of divergence within the euro area stemming from the energy price shocks and discuss avenues to mitigate the impact on the economy. This report provides the analytical underpinning for the 2023 euro area recommendation.
Commission finds that Hungary has not progressed enough in its reforms and must meet essential milestones for its Recovery and Resilience funds (08/12/2022)
The Commission presented an assessment on 30 November under the conditionality procedure to Hungary.
Paolo Gentiloni, European Commissioner for the Economy (24/11/2022)
With today’s final payment, almost the entirety of the resources made available under SURE have been used: a testimony to the success of this ground-breaking model of which we are rightly proud.
Eurobarometer: survey shows strong public support for the euro, the Recovery and Resilience Facility and SURE (08/12/2022)
Public support for the euro remains very strong, according to the European Commission's latest Eurobarometer survey.
NextGenerationEU: Commission disburses first payment of €85 million to Cyprus under Recovery and Resilience Facility (08/12/2022)
The Commission has disbursed the first payment of €85 million to Cyprus under the Recovery and Resilience Facility.
NextGenerationEU: Commission receives payment request from Lithuania for over €565 million under the Recovery and Resilience Facility (08/12/2022)
On 1 December, the Commission received a payment request from Lithuania for over €565 million under the Recovery and Resilience Facility.
NextGenerationEU: Commission receives payment request from Czechia for €928 million in grants under the Recovery and Resilience Facility (08/12/2022)
The Commission has received a payment request from Czechia for €928 million in grants under the Recovery and Resilience Facility.
InvestEU: European Commission and Council of Europe Development Bank sign agreement to mobilise €500 million in financing for social investments (08/12/2022)
The European Commission and the Council of Europe Development Bank (CEB) signed an InvestEU guarantee agreement on 28 November that is worth up to €159 million.
Outcome of December Eurogroup and Economic and Financial Affairs Council meetings (08/12/2022)
Meeting on 5 December, the Eurogroup reviewed the economic and fiscal situation of the euro area Member States and the euro area.
New Evidence on the Quality of Public Investment Management in the EU (08/12/2022)
New Evidence on the Quality of Public Investment Management in the EU
Slack and Tightness: Making Sense of Post COVID-19 Labour Market Developments in the EU (08/12/2022)
Slack and Tightness: Making Sense of Post COVID-19 Labour Market Developments in the EU
The Possible Implications of the Green Transition for the EU Labour Market (08/12/2022)
The Possible Implications of the Green Transition for the EU Labour Market
Environmental Assessments within Green Budgeting (08/12/2022)
Environmental Assessments within Green Budgeting
Disaster Risk Financing: Limiting the Fiscal Cost of Climate-Related Disasters (08/12/2022)
Disaster Risk Financing: Limiting the Fiscal Cost of Climate-Related Disasters
Global Imbalances: False Alarm or Genuine Source of Concern? (08/12/2022)
Global Imbalances: False Alarm or Genuine Source of Concern?
Opening remarks by Executive Vice-President Dombrovskis at the ECOFIN Press conference (08/12/2022)
Opening remarks by Executive Vice-President Dombrovskis at the ECOFIN Press conference
Opening remarks by Commissioner Gentiloni at the Eurogroup press conference (08/12/2022)
Opening remarks by Commissioner Gentiloni at the Eurogroup press conference
Remarks by Executive Vice-President Dombrovskis, Commissioner Hahn and Commissioner Reynders at the press conference on Hungary's recovery and resilience plan and on the application of the Rule of Law conditionality regulation (08/12/2022)
Remarks by Executive Vice-President Dombrovskis, Commissioner Hahn and Commissioner Reynders at the press conference on Hungary's recovery and resilience plan and on the application of the Rule of Law conditionality regulation
Replay the Youth Policy Dialogue on looking beyond GDP (08/12/2022)
The discussion between Commissioner for Economy Paolo Gentiloni and youth representatives from across Europe on Measuring what matters: looking beyond GDP is now available to view online.
Economic policy coordination: Commission sets out guidance to help tackle the energy crisis and make Europe greener and more digital (24/11/2022)
The Commission has launched the 2023 European Semester cycle of economic policy coordination.
Paolo Gentiloni, European Commissioner for the Economy (24/11/2022)
“The European economy faces a year of challenges. But if we remain united and pursue a coordinated policy response, we are well-placed to face them. The recommendation we put forward today for the euro area – soon to welcome Croatia as its twentieth member – offers a blueprint for such a response.”
NextGenerationEU: Commission receives payment request from Spain for €6 billion in grants under the Recovery and Resilience Facility (24/11/2022)
On 14 November, Spain submitted a request for €6 billion in grants under the Recovery and Resilience Facility (RRF).
Commission disburses further €2.5 billion in exceptional macro-financial assistance to Ukraine (24/11/2022)
The Commission has disbursed the second instalment of €2.5 billion under the €5 billion exceptional macro-financial assistance (MFA) operation for Ukraine.
Commission welcomes agreement on EU Annual Budget 2023 (24/11/2022)
Based on a proposal from the European Commission, the European Parliament and the Council of the European Union have reached an agreement on the EU budget for 2023.
Remarks by Executive Vice-President Dombrovskis, Commissioner Gentiloni and Commissioner Schmit at the press conference of the 2023 European Semester: Autumn Package (22/11/2022)
Remarks by Executive Vice-President Dombrovskis, Commissioner Gentiloni and Commissioner Schmit at the press conference of the 2023 European Semester: Autumn Package
Statement by Executive Vice-President Dombrovskis at the 8th Recovery and Resilience Dialogue with the European Parliament (21/11/2022)
Statement by Executive Vice-President Dombrovskis at the 8th Recovery and Resilience Dialogue with the European Parliament
Press statement by Executive Vice-President Valdis Dombrovskis after meeting Ukraine's Prime Minister Denys Shmyhal in Kyiv (18/11/2022)
Press statement by Executive Vice-President Valdis Dombrovskis after meeting Ukraine's Prime Minister Denys Shmyhal in Kyiv
Youth Policy Dialogue with Commissioner for Economy Paolo Gentiloni - 30 November 2022 (24/11/2022)
Global concerns such as climate change, resource depletion, inequality, poverty, and health are pressing decision-makers to move away from a narrow focus on Gross Domestic Product (GDP) as a single metric to measure economic success and citizens’ wellbeing. However, there is a lack of consensus on how to achieve this. Would you like to take up the challenge? Join this Youth Policy Dialogue and make your voice heard!
EIF Information session and masterclass on “Empowering equity – Investment in female representation” – 5 and 6 December 2022 (24/11/2022)
The European Commission and the European Investment Fund are scaling up support for women. New venture capital funding is accessible across a variety of areas for funds with female representation. An information session and investment masterclass is coming up on 5-6 December in Luxembourg for European venture capital fund managers.
NextGenerationEU: Commission disburses first payment of €2.6 billion to Romania under the Recovery and Resilience Facility (10/11/2022)
On 27 October, the Commission disbursed a first payment of €2.6 billion (€1.8 billion in grants and €0.8 billion in loans, net of pre-financing) to Romania under the Recovery and Resilience Facility (RRF).
NextGenerationEU: Commission endorses positive preliminary assessment of Cyprus' request for €85 million disbursement under the Recovery and Resilience Facility (10/11/2022)
On 26 October, the Commission endorsed a positive preliminary assessment of Cyprus' payment request for €85 million in grants under the Recovery and Resilience Facility (RRF), the key instrument at the heart of NextGenerationEU.
Potential Liquidity Stress in Sweden during the Pandemic (10/11/2022)
Potential Liquidity Stress in Sweden during the Pandemic
Remarks by Executive-Vice President Dombrovskis at the Financing for Ukraine press conference (11/11/2022)
Remarks by Executive-Vice President Dombrovskis at the Financing for Ukraine press conference
Remarks by Commissioner Gentiloni at the 2022 Autumn Economic Forecast press conference (09/11/2022)
Remarks by Commissioner Gentiloni at the 2022 Autumn Economic Forecast press conference
Remarks by Executive Vice-President Dombrovskis at the press conference on the economic governance review (09/11/2022)
Remarks by Executive Vice-President Dombrovskis at the press conference on the economic governance review
Opening speech by President von der Leyen at the Sustainable Investment Summit (08/11/2022)
Opening speech by President von der Leyen at the Sustainable Investment Summit
Speech by Executive Vice-President Dombrovskis at EU Sustainable Investment Summit (28/10/2022)
Speech by Executive Vice-President Dombrovskis at EU Sustainable Investment Summit
Commissioner Gentiloni's speech at the EU Sustainable Investment Summit (28/10/2022)
Commissioner Gentiloni's speech at the EU Sustainable Investment Summit
#EUatCOP27: consequences of extreme weather events (10/11/2022)
#EUatCOP27: consequences of extreme weather events
EIF Information session and masterclass on “Empowering equity – Investment in female representation” 5-6 December (10/11/2022)
EIF Information session and masterclass on “Empowering equity – Investment in female representation” 5-6 December
Commission proposes stable and predictable support package for Ukraine for 2023 of up to €18 billion (10/11/2022)
Following the European Council meeting of 20-21 October 2022, the Commission has proposed an unprecedented support package for Ukraine of up to €18 billion for 2023.
NextGenerationEU: Commission disburses €21 billion to Italy under the Recovery and Resilience Facility (10/11/2022)
A payment of €21 billion (€10 billion in grants and €11 billion in loans, net of pre-financing) on 8 November was made possible by Italy's fulfilment of the 45 milestones and targets linked to the second instalment.
NextGenerationEU: European Commission endorses positive preliminary assessment of Bulgaria's request for €1.37 billion disbursement under the Recovery and Resilience Facility (10/11/2022)
On 7 November, the European Commission endorsed a positive preliminary assessment of Bulgaria's payment request for €1.37 billion in grants under the Recovery and Resilience Facility (RRF), the key instrument at the heart of NextGenerationEU.
EU Sustainable Investment Summit: highlights of 2022 (15/11/2022)
EU Sustainable Investment Summit: highlights of 2022
Building an economic governance framework fit for the challenges ahead (14/11/2022)
The European Commission adopted a Communication on 9 November that describes orientations for a reformed EU economic governance framework.
Paolo Gentiloni, Commissioner for Economy (14/11/2022)
“We want to put, at long last, growth and stability on the same level and to work effectively towards achieving both. That is in essence the challenge we have before us – and a pressing priority at the current critical juncture for our economies.”
Autumn 2022 Economic Forecast: The EU economy at a turning point (14/11/2022)
After a strong first half of the year, the EU economy has now entered a much more challenging phase. The shocks unleashed by Russia's war of aggression against Ukraine are denting global demand and reinforcing global inflationary pressures.
Progress Towards Meeting the Economic Criteria for EU Accession: The EU Commission's 2022 Assessments (14/11/2022)
Progress Towards Meeting the Economic Criteria for EU Accession: The EU Commission's 2022 Assessments
Quarterly Report on the Euro Area (QREA), Vol. 21, No. 3 (2022) (14/11/2022)
Quarterly Report on the Euro Area (QREA), Vol. 21, No. 3 (2022)
Financial Constraints of EU firms: A Sectoral Analysis (14/11/2022)
Financial Constraints of EU firms: A Sectoral Analysis
Remarks by Executive Vice-President Dombrovskis at the ECOFIN Press conference (08/11/2022)
Remarks by Executive Vice-President Dombrovskis at the ECOFIN Press conference
Commission disburses further €2 billion in exceptional macro-financial assistance to Ukraine (20/10/2022)
On 18 October, the Commission disbursed a first instalment of €2 billion under the €5 billion exceptional macro-financial assistance (MFA) operation for Ukraine.
Ursula von der Leyen, President of the European Commission (20/10/2022)
"The EU is standing by Ukraine through financial, humanitarian and military support as well as sanctions against the Russian aggressor. EU Member States are welcoming millions of refugees from Ukraine. Today we are once again delivering on our unwavering commitment to support Ukraine. The €2 billion paid out today will help address Ukraine's acute financing needs. Additional financial support will follow before the end of the year."
EU Sustainable Investment Summit 2022 (20/10/2022)
This year’s EU Sustainable Investment Summit is taking place in Brussels on Friday, 28 October 2022.
NextGenerationEU: Executive Vice-President Dombrovskis announces the disbursement of a first payment of €201 million to Latvia under the Recovery and Resilience Facility (20/10/2022)
During his visit to Riga on 7 October, Executive Vice-President Valdis Dombrovskis announced the disbursement of the first payment to Latvia under the Recovery and Resilience Facility (RRF).
InvestEU: Support for investment fund supporting sustainable mobility start-ups (20/10/2022)
The European Investment Fund (EIF), with the support of the InvestEU programme, has invested in Shift4Good, an independent venture capital fund with an environmental impact dedicated to sustainable mobility.
InvestEU in Italy: first four projects and first guarantee agreement with national promotional bank signed (20/10/2022)
Paolo Gentiloni, Commissioner for the Economy, visited Rome on 7 October to present the new InvestEU programme and the opportunities it offers to businesses at a joint European Investment Bank Group and European Commission event.
Another €550 million from the EIB Group supported by an EU guarantee provides Ukraine with immediate assistance (20/10/2022)
On 12 October, the European Investment Bank (EIB), the European Union's bank, disbursed the second tranche of the immediate assistance to Ukraine.
European Business Cycle Indicators - A closer look at labour shortages across the EU. 3rd Quarter 2022. (20/10/2022)
EU Candidate Countries’ & Potential Candidates’ Economic Quarterly (CCEQ) – Western Balkans and Türkiye. 3rd Quarter 2022 (20/10/2022)
Statement by Executive Vice-President Dombrovskis at the European Parliament plenary debate: "Keep the bills down: social and economic consequences of the war in Ukraine and the introduction of a windfall tax" (20/10/2022)
Keynote Address by Executive Dombrovskis at Harvard Law School Event on "Power and Alliances: The Transatlantic Partnership in a Changing World" (20/10/2022)
Speech by Commissioner Gentiloni at Georgetown University (20/10/2022)
Remarks by Commissioner Gentiloni at the Press conference following the informal meeting of Eurogroup ministers with US Treasury Secretary (20/10/2022)
Speech by Executive Vice-President Dombrovskis at the Interparliamentary Conference on Stability, Economic Coordination and Governance in the EU (20/10/2022)
High level conference: Towards a legislative framework enabling a digital euro for citizens and businesses (20/10/2022)
NextGenerationEU: European Commission endorses positive preliminary assessment of Italy's request for €21 billion disbursement under the Recovery and Resilience Facility (06/10/2022)
On 27 September, the European Commission endorsed a positive preliminary assessment of Italy's second payment request for €21 billion, of which €10 billion in grants and €11 billion in loans (net of pre-financing), under the Recovery and Resilience Facility (RRF), the key instrument at the heart of NextGenerationEU.
Paolo Gentiloni, Commissioner for Economy (06/10/2022)
“The successful completion of these 45 milestones and targets will open the way, once the relevant procedures are completed, to a further disbursement of €21 billion. NextGenerationEU is the strongest common tool we have at our disposal. For Italy, it represents a unique opportunity to build a more competitive and sustainable economy and a fairer society. I urge the next Italian Government to ensure that this opportunity is seized.”
Fourth report confirms SURE success in protecting jobs during pandemic (06/10/2022)
The Commission has published its fourth bi-annual report on the implementation and impact of SURE, the €100 billion instrument designed to protect jobs and incomes affected by the COVID-19 pandemic.
Commission proposes to provide additional €900 million to Greece, €29 million to Cyprus and €300 million to Portugal under SURE (06/10/2022)
On 29 September, the Commission presented three proposals to the Council for decisions to grant financial support under the ‘Support to mitigate Unemployment Risks in an Emergency' (SURE) instrument.
InvestEU: €100 million in new microfinance loans targeting small entrepreneurs and farmers across Romania (06/10/2022)
Access to microfinance by entrepreneurs and farmers across Romania will be boosted by a new cooperation between the European Investment Fund (EIF), backed by the new InvestEU programme, and BT Mic, Romania's largest microfinance institution.
Housing Market Developments in the Euro Area: Focus on Housing Affordability (06/10/2022)
Housing Market Developments in the Euro Area: Focus on Housing Affordability
Consumer Savings Behaviour at Low and Negative Interest Rates (06/10/2022)
Consumer Savings Behaviour at Low and Negative Interest Rates
Remarks by Commissioner Gentiloni at the ECON Committee’s structured dialogue on taxation (26/09/2022)
Remarks by Commissioner Gentiloni at the ECON Committee’s structured dialogue on taxation
Speech by Commissioner Gentiloni at the Atlantic Council Frankfurt Forum (28/09/2022)
Speech by Commissioner Gentiloni at the Atlantic Council Frankfurt Forum
EU Finance Days – Bulgaria (06/10/2022)
The EU Finance Days 2022 are organised by the European Commission and implementing partners to present new financial and support programmes to relevant stakeholders. Join us at the EU Finance Days targeting Bulgaria on 19 October 2022.
EU Sustainable Investment Summit 2022 (06/10/2022)
Register now for this year’s hybrid edition of the EU Sustainable Investment Summit, Building Tomorrow, taking place in Brussels on 28 October 2022. Check the website for more details on the programme #InvestGreenEU.
High-level conference on the Digital Euro (06/10/2022)
Don’t miss the upcoming conference ‘Towards a legislative framework enabling a digital euro for citizens and businesses’ which will take place on Monday, 7 November in Brussels. Save the date – more details coming soon!
Outcome of October Eurogroup and Economic and Financial Affairs Council meetings (06/10/2022)
On 3 October, the Eurogroup discussed the macroeconomic situation in the euro area and in particular the fiscal policy response to high energy prices and inflationary pressures.
Commission welcomes Council's approval of recovery and resilience plan of the Netherlands (06/10/2022)
The Commission has welcomed the Council's approval of its assessment of the recovery and resilience plan of the Netherlands.
Commission proposes to provide additional €2.5 billion to Czechia under SURE (06/10/2022)
On 3 October, the Commission presented a proposal to the Council for a decision to grant €2.5 billion additional financial support under the SURE instrument to Czechia, bringing the total support to the country to €4.5 billion.
Remarks by Commissioner Gentiloni at the Eurogroup Press conference (03/10/2022)
Remarks by Commissioner Gentiloni at the Eurogroup Press conference
Remarks by Executive Vice-President Dombrovskis at the ECOFIN Press conference (04/10/2022)
Remarks by Executive Vice-President Dombrovskis at the ECOFIN Press conference
The Fiscal and Distributional Effects of Removing Mortgage Interest Tax Relief in EU Member States (06/10/2022)
The Fiscal and Distributional Effects of Removing Mortgage Interest Tax Relief in EU Member States
Economy and finance ministers review macroeconomic developments, fiscal sustainability and tax harmonisation (22/09/2022)
Meeting on 9 September, euro area economy and finance ministers discussed macro-economic developments in the euro area including energy, and inflation and their impacts on fiscal policy.
Paolo Gentiloni, Commissioner for Economy (22/09/2022)
“Putin's war and his weaponisation of Russia's energy exports' aim is to divide Europe and to weaken the resolve of the collective West to support Ukraine. The Russian government will try to use our economic difficulties. And will fail.”
European Investment Bank, in cooperation with the Commission, starts disbursing €1.59 billion package to aid Ukraine (22/09/2022)
On 14 September, the European Investment Bank (EIB), the EU bank, disbursed the first tranches of the €1.59 billion package of the Ukraine Solidarity Urgent Response, which is supported by an EU guarantee.
NextGenerationEU: Commission receives payment request from Croatia for €700 million under the Recovery and Resilience Facility (22/09/2022)
The Commission has received the second payment request from Croatia under the Recovery and Resilience Facility (RRF) for a disbursement of €700 million in financial support (net of pre-financing).
NextGenerationEU: European Commission endorses positive preliminary assessment of Romania's request for €2.6 billion disbursement under Recovery and Resilience Facility (22/09/2022)
The European Commission has endorsed a positive preliminary assessment of Romania's first payment request for €2.6 billion, of which €1.8 billion in grants and €0.8 billion in loans, under the Recovery and Resilience Facility (RRF), the key instrument at the heart of NextGenerationEU.
InvestEU: support for Belgian growth fund investing in energy transition projects (22/09/2022)
The European Investment Fund (EIF) has provided a €30 million contribution to the new energy fund of the Belgian growth equity fund Junction, with a first close reached at €75 million.
Speech by Commissioner Gentiloni at the Eurogroup Press Conference of 9 September 2022 (09/09/2022)
Speech by Commissioner Gentiloni at the Eurogroup Press Conference of 9 September 2022
Statement by Executive Vice-President Dombrovskis at the 7th Recovery and Resilience Dialogue with the European Parliament (12/09/2022)
Statement by Executive Vice-President Dombrovskis at the 7th Recovery and Resilience Dialogue with the European Parliament
EU Sustainable Investment Summit 2022 (22/09/2022)
Register now for this year’s hybrid edition of the EU Sustainable Investment Summit, Building Tomorrow, taking place in Brussels on 28 October 2022. Check the website for more details on the programme #InvestGreenEU
High-level conference on the Digital Euro (22/09/2022)
Don’t miss the upcoming conference ‘Towards a legislative framework enabling a digital euro for citizens and businesses’ which will take place on Monday, 7 November in Brussels. Save the date – more details coming soon!
European Commission proposes second €5 billion tranche of macro-financial assistance to Ukraine (08/09/2022)
The European Commission has proposed a further €5 billion in macro-financial assistance (MFA) loans to Ukraine as the second part of the exceptional MFA package of up to €9 billion announced in the Commission's communication of 18 May 2022 and endorsed by the European Council of 23-24 June 2022.
Ursula von der Leyen, President of the European Commission (08/09/2022)
“The Commission is coming forward with a proposal for a further €5 billion macro-financial assistance to support Ukraine in addressing its immediate financial needs caused by Russia's brutal invasion. Ukraine must win this war: it must regain the freedom and independence it is so courageously fighting for. The EU will continue to do its part to make sure this happens – solidarity will prevail, and peace will come.”
European Commission disburses first tranche of the new €1 billion macro-financial assistance for Ukraine (08/09/2022)
The European Commission, on behalf of the EU, has disbursed the first half (€500 million) of a new €1 billion macro-financial assistance (MFA) operation for Ukraine on 1 August.
Enhanced surveillance of Greece ends (08/09/2022)
The European Commission will not prolong the enhanced surveillance of Greece which expired on 20 August.
Commission proposes to provide additional €460 million to Bulgaria under SURE (08/09/2022)
On 25 August, the European Commission presented a proposal to the Council for a decision to grant an additional €460 million in financial support to Bulgaria under the SURE instrument, bringing the total support to the country to €971 million.
InvestEU: Support for women-founded Green Generation Fund for sustainable startups (08/09/2022)
The European Investment Fund (EIF), backed by an EU budget guarantee from the new InvestEU programme contributed €25 million to the €100 million raised by The Green Generation Fund, a fund founded by women.
NextGenerationEU: Commission receives €1.37 billion payment request from Bulgaria under the Recovery and Resilience Facility (08/09/2022)
On 1 September, the Commission received Bulgaria's first payment request under the Recovery and Resilience Facility (RRF) for a disbursement of €1.37 billion in financial support.
Quarterly Report on the Euro Area (QREA), Vol. 21, No. 2 (2022) (08/09/2022)
Quarterly Report on the Euro Area (QREA), Vol. 21, No. 2 (2022)
Explaining the Low Level of Investment in Slovenia (08/09/2022)
Explaining the Low Level of Investment in Slovenia
The Fiscal Impact of Extreme Weather and Climate Events: Evidence for EU Countries (08/09/2022)
The Fiscal Impact of Extreme Weather and Climate Events: Evidence for EU Countries
Public Administration Reforms in Greece during the Economic Adjustment Programmes (08/09/2022)
Public Administration Reforms in Greece during the Economic Adjustment Programmes
Energy Reforms in Greece during the Economic Adjustment Programmes (08/09/2022)
Energy Reforms in Greece during the Economic Adjustment Programmes
European Business Cycle Indicators - The impact of inflation on consumers’ financial situation – insights from the Commission’s consumer survey. 2nd Quarter 2022 (08/09/2022)
European Business Cycle Indicators - The impact of inflation on consumers’ financial situation – insights from the Commission’s consumer survey. 2nd Quarter 2022
Statement by Commissioner Gentiloni on the conclusion of enhanced surveillance for Greece (08/09/2022)
Statement by Commissioner Gentiloni on the conclusion of enhanced surveillance for Greece
Statement by Commissioner Gentiloni at G20 Finance Ministers and Central Bank Governors meeting (08/09/2022)
Statement by Commissioner Gentiloni at G20 Finance Ministers and Central Bank Governors meeting
EU Sustainable Investment Summit 2022 (08/09/2022)
Register now to this year’s hybrid edition of the EU Sustainable Investment Summit, Building Tomorrow, taking place in Brussels on 28 October 2022. Check the website for more details on the programme #InvestGreenEU
High-level conference on the Digital Euro (08/09/2022)
Don’t miss the upcoming conference ‘Towards a legislative framework enabling a digital euro for citizens and businesses’ which will take place on Monday, 7 November in Brussels. Save the date – more details coming soon!
NextGenerationEU: European Commission endorses the Netherlands' €4.7 billion recovery and resilience plan (09/09/2022)
The European Commission has given a positive assessment of the Netherlands' recovery and resilience plan.
Council adopts legal acts enabling Croatian euro introduction on 1 January 2023 (14/07/2022)
On July 12, the Council adopted the final three legal acts which will enable Croatia to introduce the euro as its currency on 1 January 2023.
NextGenerationEU: the Netherlands submits official recovery and resilience plan (14/07/2022)
The Commission received an official recovery and resilience plan from the Netherlands on 8 July.
European Commission proposes first €1 billion tranche of the new macro-financial assistance for Ukraine (14/07/2022)
On 1 July, the Commission proposed a new €1 billion macro-financial assistance (MFA) operation for Ukraine as the first part of the exceptional MFA package of up to €9 billion announced in the Commission's communication of 18 May 2022 and endorsed by the European Council of 23-24 June 2022.
Real Economy: Europe's energy future – the plan to cut Russian fossil fuels and speed up the green transition (14/07/2022)
The latest episode of Real Economy on Euronews assesses how realistic and affordable Europe’s plans for energy independence are.
Remarks by Commissioner Gentiloni at the Summer 2022 Economic Forecast press conference (14/07/2022)
Remarks by Commissioner Gentiloni at the Summer 2022 Economic Forecast press conference
Remarks by Commissioner Gentiloni at the Eurogroup press conference (14/07/2022)
Remarks by Commissioner Gentiloni at the Eurogroup press conference
Speech on behalf of the EU by Executive Vice-President Dombrovskis at the Ukraine Recovery Conference (14/07/2022)
Speech on behalf of the EU by Executive Vice-President Dombrovskis at the Ukraine Recovery Conference
Public consultation on the Investment Plan for Europe (14/07/2022)
Public consultation on the Investment Plan for Europe
Global Forum on Productivity (14/07/2022)
Global Forum on Productivity
High-level conference on the Digital Euro (14/07/2022)
High-level conference on the Digital Euro
Summer 2022 Economic Forecast: Russia's war worsens the outlook (14/07/2022)
Russia's war of aggression against Ukraine continues to negatively affect the EU economy, setting it on a path of lower growth and higher inflation compared to the Spring Forecast.
Paolo Gentiloni, European Commissioner for Economy (17/06/2022)
"With the course of the war and the reliability of gas supplies unknown, this forecast is subject to high uncertainty and downside risks. To navigate these troubled waters, Europe must show leadership, with three words defining our policies: solidarity, sustainability and security."
Remarks by Executive Vice-President Dombrovskis at the ECOFIN press conference (14/07/2022)
Remarks by Executive Vice-President Dombrovskis at the ECOFIN press conference
