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With a total volume of €3 289 million, Sweden's National Recovery and Resilience Plan (NRRP) is of comparatively limited scope, and exclusively in the form of grants, as Sweden did not apply for loans. This amount represents 0.5 % of the entire Recovery and Resilience Facility (RRF), equal to 0.7 % of the country's gross domestic product (GDP) in 2019 (the RRF being 5.2 % of EU-27 GDP in 2019). 'Sweden's recovery plan' – the Swedish NRRP – is financed by the Next Generation EU (NGEU) recovery instrument ...

This paper summarises the findings and provides some further details of the replies received from a survey on the involvement of national parliaments in scrutinising the implementation of Recovery and Resilience Facility, notably the Recovery and Resilience Plans at the national level. This survey aimed to keep stock of whether and how EU national parliaments are involved in the implementation of the RRF. It was addressed directly to EU national parliament services and reflected developments in the ...

This study seeks to present a comprehensive overview of non-legislative resolutions adopted by the Parliament between July 2019 and December 2021 on the basis of own-initiative reports, in the light of the response provided by the Commission, the subsequent follow-up documents and related actions undertaken by the Commission up to 31 January 2022. The publication is part of Parliament’s Strategic Execution Framework (2019-2021). The aim of this joint DG PRES and DG EPRS project on 'Improved reporting ...

Cities are inevitably affected by shocks and disruptions, the pandemic being a case in point. The extent of the impact however depends on cities' preparedness and capacity to adapt. By thinking ahead, cities can explore emerging or plausible developments in order to anticipate them and contain potential disruption. Drawing on a report prepared by the European Strategy and Policy Analysis System (ESPAS), this EPRS paper explores the impact on and implications for cities of current global trends, such ...

In November 2020, the European Parliament's Subcommittee on Tax Matters requested authorisation to draw up an implementation report on the implementation of the Sixth VAT Directive. Olivier Chastel (Renew Europe, Belgium) has been appointed as rapporteur for the report. To further support the Subcommittee on Tax Matters in its scrutiny work on the subject, the Ex-Post Evaluation Unit within the European Parliamentary Research Service has drawn up the present European implementation assessment. It ...

Two decades after the entry into force of the General Product Safety Directive, the internal market is witnessing an increasing presence of products made with the use of or involving new technologies, online marketplaces are mushrooming, and a growing amount of products are entering the internal market from outside the European Union through these online marketplaces. Since the General Product Safety Directive does not have any provisions to guarantee that these products are safe for use, there are ...

The EU Toy Safety Directive

Briefing 29-04-2021

The Toy Safety Directive (TSD) aims to ensure a high level of health and safety with respect to toys for children under 14 years of age and to guarantee the free movement of toys in the EU by means of provisions for manufacturers, importers, distributors of toys sold in the EU and national market surveillance authorities. More than 10 years after its adoption in 2009, the European Commission is considering a revision of the directive in the context of the chemicals strategy for sustainability. Although ...

Over the past three decades, the European Union has constantly improved its framework to fight money laundering and terrorist financing. Despite the constant improvements, the existing framework still suffers from some shortcomings. In 2020, the European Commission therefore presented an action plan for a new single EU anti-money laundering system, outlining areas for future proposals that the European Commission will present in a package in spring 2021. The main areas for this 2021 package will ...

The Directive on administrative cooperation (DAC) in the field of taxation provides the basis for information exchange on direct taxation within the EU. This European Implementation Assessment evaluates the implementation of the initial directive and the first three amendments (DAC1-4). Building mainly on interviews with tax administrations and a survey among stakeholders, this publication provides additional evidence on the directive’s effectiveness and external coherence, looking at its interaction ...

On 27 July 2017, the UK Financial Conduct Authority (FCA) announced its resolution to phase out the London Interbank Offered Rate (LIBOR) by the end of 2021. As supervisor of the LIBOR, the FCA wanted to allow for a smooth transition to alternative reference rates of this widely used benchmark. On 24 July 2020, the European Commission adopted a proposal to amend the Benchmarks, Regulation. The most important part of this proposal is to regulate the replacement rate of a benchmark in cessation (in ...