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While supporting countries' recovery, resilience, future crisis preparedness, and improving their growth potential, the Recovery and Resilience Facility (RRF) has a clear role in promoting economic, social and territorial cohesion in the European Union. This role is emphasised by the legal basis used for establishing the Facility – Article 175 of the Treaty on the Functioning of the EU (TFEU) – the same article that underpins EU cohesion policy measures. One of the RRF's main objectives, or six pillars ...

After showing unexpectedly strong economic resilience in the face of the pandemic and the energy price shock triggered by Russia’s war in Ukraine, Europe is bracing for an uncertain soft landing. The latest economic forecast points towards weakening growth. Real GDP growth is expected to be 0.6 % in both the EU and the euro area in 2023, having been revised downwards for the second time this year. This is partly explained by a heavier toll from monetary policy tightening than expected, alongside ...

This paper provides an overview of stakeholders’ activities at EU, national, regional and local level, in relation to national Recovery and Resilience Plans (RRPs). It presents a set of latest opinions and assessments by EU stakeholders and other relevant institutions and bodies on the implementation of these plans.

Executive Vice-President Dombrovskis and Commissioner Gentiloni are invited to the 13th Recovery and Resilience Dialogue (RRD) under the Recovery and Resilience Facility (RRF) Regulation. The previous RRD took place on 2 October. This briefing describes the state of play of the implementation of the RRF, and then focusses on an analysis of those modified RRPs that contain a REPowerEU chapter and were already approved by the Council, detailing on some information presented therein and commenting ...

Romania's National Recovery and Resilience Plan (NRRP) embodies an ambitious agenda of reforms and investment aimed at mitigating the socio economic effects of the COVID-19 crisis. The total cost of the plan amounts to €29.2 billion, or 13.1 % of the country's 2019 gross domestic product (GDP). This allocation, corresponding to 4 % of the total volume of the Recovery and Resilience Facility (RRF), comes with €14.2 billion in grants and €14.9 billion in loans. In June 2022, Romania's grant allocation ...

Establishing the Ukraine Facility

At a Glance 11-10-2023

The Ukraine Facility has been designed to support Ukraine, its recovery and its path to EU accession, with up to €50 billion for the period from 2024 to 2027. The Commission has proposed a draft regulation, on which the Committees on Budgets (BUDG) and Foreign Affairs (AFET) jointly adopted a report on 5 October 2023. A partial vote is envisaged in the October II plenary, setting a mandate for subsequent trilogue negotiations. To finance the Facility, a revision of the multiannual financial framework ...

The Member States have drawn up their individual national recovery and resilience plans (NRRPs, or 'recovery plans') to benefit from the Next Generation EU (NGEU) recovery instrument and its main spending tool, the Recovery and Resilience Facility (RRF), and to emerge stronger from the COVID 19 crisis. To receive RRF funding, Member States must address at least a significant subset of the country-specific recommendations (CSRs) and foster the green and digital transitions, by achieving the milestones ...

Early work is underway on the post-2027 reform of EU cohesion policy. This creates a unique opportunity for regional and local stakeholders to influence national positions and those of the European institutions at an early stage, well before the actual start of the legislative process. This reflection process is not only technical, but is also highly political because it touches on many of the challenges the EU is facing. Key issues include the degree to which other EU policies support cohesion objectives ...

Executive Vice-President Dombrovskis and Commissioner Gentiloni are invited to the 12th Recovery and Resilience Dialogue (RRD) under the Recovery and Resilience Facility (RRF) Regulation. The previous RRD took place on 10 July. This briefing first focusses on the Commission’s Annual Report on the implementation of the RRF published on 19 September (i.e. 18 months after the previous report), summarising the information presented therein and commenting it when considered necessary. The second part ...

The Recovery and Resilience Facility (RRF) is the main element of Next Generation EU (NGEU), the EU's recovery plan, designed to help EU Member States navigate their way out of the COVID-19 crisis and towards a more resilient future. To receive financing from NGEU, each Member State had to prepare a national recovery and resilience plan (NRRP) and include in it reforms and investment addressing six policy areas, or the six pillars of the RRF. The fifth pillar, 'Health, and economic, social and institutional ...