Search

Your results

Showing 10 of 195 results

During its April I session, Parliament is due to vote on amendments to its Rules of Procedure on the basis of the report adopted by the Committee on Constitutional Affairs (AFCO). The report translates into legal rules the recommendations made by the 'Parliament 2024' working group after discussion throughout 2023.

This briefing provides background information for the Committee on Budgetary Control on the information currently available concerning the 100 largest recipients of funds from the Recovery and Resilience Facility (RRF).

On 11 July 2023, the Council approved Slovakia's amended national recovery and resilience plan (NRRP, Plán obnovy) and allocated €6 408.5 million in grants for its implementation (Slovakia did not request loans). The allocation is €79.4 million higher than that initially approved (6 July 2021). The difference results from a 2022 update of the maximum financial contribution from the Recovery and Resilience Facility (RRF), which reflects changes in real gross domestic product (GDP) over time, and the ...

Under the Recovery and Resilience Facility (RRF), the EU response to the crisis triggered by the pandemic, Bulgaria was initially allocated €6 267.3 million in grants. In line with the RRF Regulation, on 30 June 2022, the European Commission recalculated the maximum grant amounts for all Member States; this resulted in a just over 9 % cut for Bulgaria, lowering the total to €5 688.8 million. To take this into account, as well as factor in the impact of inflation, Bulgaria submitted a modified national ...

In 2020, the Commission launched a review of the Solvency II Directive, the EU's legal prudential regulatory framework for (re-)insurance companies, which entered into force in 2016. As one output of the review, the Commission made a proposal in September 2021 for a new directive establishing a framework for recovery and resolution of insurance companies – the 'IRRD proposal'. The IRRD proposal would establish harmonised recovery and resolution tools and procedures, with enhanced cross-border cooperation ...

During the February II session, Parliament is due to vote on giving consent to the first-ever revision of the EU's multiannual financial framework (MFF). That revision will provide €21 billion of additional funds, including €17 billion for Ukraine. Parliament has repeatedly demanded that the EU's long-term budget be revised urgently, to enable the EU to rise effectively to the challenges it faces. The agreement reached between Parliament and the Council ensures stable medium-term financial support ...

Prompted by the pandemic and the resulting crisis, the EU set up a recovery instrument – Next Generation EU (NGEU) – to help Member States address the downturn. NGEU's main funding tool – the Recovery and Resilience Facility (RRF) – has made available €723 billion in grants and loans to EU Member States for reform and investment in six priority areas, addressing common challenges. Focusing on the RRF's social dimension, this briefing looks at how the facility is helping not only to address the direct ...

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 ...

Having failed to agree on the revision of the EU's 2021-2027 budget at the December European Council meeting, Member States will attempt to break the impasse at an extraordinary meeting on 1 February 2024.