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Croatia's National Recovery and Resilience Plan (NRRP) is an ambitious outline of reforms and investment designed to mitigate the pandemic's socioeconomic fallout. Following the December 2023 amendment of the Croatian NRRP, to which a REPowerEU chapter was added, the plan's worth reached €10 040.7 million (or 18.5 % of national gross domestic product (GDP) in 2019), an increase of over 59 % compared with the original (2021) version of the plan, which was worth €6 297 million in grants only. The amended ...

In nominal terms, Poland is the third biggest beneficiary of the Recovery and Resilience Facility (RRF), after Italy and Spain. EU support for implementing Poland's amended National Recovery and Resilience Plan (NRRP) – Krajowy Plan Odbudowy – amounts to €59.8 billion, and includes €25.3 billion in grants and €34.5 billion in loans. The amount is €24.5 billion (+ 69 %) higher than the one initially approved and takes into account a 2022 update of the maximum financial contribution, additional loans ...

The total volume of Sweden's National Recovery and Resilience Plan (NRRP) increased from an initial €3 289 million to €3 502 million in the revised version. The NRRP is of comparatively limited scope, and exclusively in the form of grants, as Sweden did not apply for loans. The revised 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 representing 5.2 % of EU-27 GDP in 2019). 'Sweden's recovery ...

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 ...

The workshop highlighted various aspects and perspectives around corporate sponsorship of EU Presidencies, including the follow-up of the EU Ombudsman's recommendations and Council guidelines on the subject-matter.

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 ...

The focus of this study is the effect of inflation on the ongoing implementation of the current MFF on an aggregate level. The relevant inflation impacts and the channels via which they take effect are presented and analysed for the MFF and the EU revenue system. The study then maps and discusses policy options to mitigate these effects regarding the ongoing MFF and NGEU implementation, as well as with a view to the ongoing MFF mid-term revision.

This infographic provides an insight into the economic performance of China compared with the European Union (EU) and looks at the trade dynamics between them. China’s GDP growth per capita increased rapidly since the beginning of the series. The EU’s GDP per capita trend remained relatively stable, recording a slow but constant increase with the only exception in the years of the COVID-19 restrictions. Unemployment in China has been low and stable for the whole time series, and it never exceeded ...

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 purpose of draft amending budget No 3/2023 (DAB 3/2023) to the EU's 2023 general budget is to update the revenue side, taking into account the latest economic forecasts. DAB 3/2023 also adjusts the 2023 budget to cover recent developments such as the Defence Industrial Reinforcement Instrument, the European Chips Act and fisheries agreements. Parliament is expected to vote on the Council's position on DAB 3/2023 during its October II plenary session.