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The COVID 19 pandemic prompted reinforced investment in health research, to support rapid research and innovation for vaccine development and health care measures. The European Union response highlighted strengths and weaknesses in EU research organisation and funding. Over time, EU investment in health research has been aimed at increasing knowledge and transfer of knowledge into innovation, for better health. To this end, several instruments have been developed, but the impact of these efforts ...

While Luxembourg is one of the smallest EU Member States in terms of size and population, it is a major European and global financial hub, which plays a key role for investment flows across the EU and provides banking and insurance services to businesses and households. At the same time, Luxembourg has been criticised for its corporate tax framework, which businesses or high net-worth individuals may be employing for abusive tax purposes. In particular, following on from the 'Luxleaks' files, which ...

This briefing follows up the commitments made by the commissioner since 2019.

'This is Europe' – an initiative proposed by the President of the European Parliament, Roberta Metsola – consists of a series of debates with EU Heads of State or Government to discuss their visions for the future of the European Union. Following an earlier speech to the Parliament in this context by the Estonian Prime Minister, Kaja Kallas, on 3 May 2022, the Italian Prime Minister, Mario Draghi, was the first EU leader to address the Parliament after the latter's Conference of Presidents had endorsed ...

Before the pandemic, the Greek economy was just getting back onto a positive path, following reforms implemented under the macroeconomic adjustment programmes. Action to address the country's specific characteristics is now all the more important since the -8.2 % downturn of 2020. Greece was among the first four countries to submit its national recovery and resilience plan (NRRP) in April 2021. The plan envisages investments and reforms totalling €30.5 billion, to be implemented up to 2026, with ...

Solvency II review

Briefing 11-04-2022

The IA covers two Commission proposals representing the biggest amendment to date of the Solvency II framework, which came into force in the EU in 2016. Important parts of the framework laid down in delegated and implementing acts will be updated by the Commission at a later stage. This IA builds on a broad consultation of stakeholders, and on extensive advice from the European Insurance and Occupational Pensions Authority (EIOPA). In addition to various reports from EIOPA including a holistic IA ...

To benefit from the Recovery and Resilience Facility (RRF), the unprecedented EU response to the crisis triggered by the coronavirus pandemic, Czechia has decided to use the grant component of its national allocation, without requesting loans. The targeted resources total €7 036 million and represent 1 % of the entire RRF. They amount to 3.1 % of the country’s gross domestic product (GDP) in 2019 (the RRF being 5.2 % of EU-27 GDP in 2019). To receive this support, Czechia has prepared a National ...

Lithuania's National Recovery and Resilience Plan (NRRP) sets out the package of reforms and investment measures designed by the country in the context of the EU response to the crisis triggered by the coronavirus pandemic. In absolute figures, Lithuania has decided to use its full grant allocation of €2 224 million under the Recovery and Resilience Facility (RRF), while declining to avail of the loan component. These resources represent 0.3 % of the entire RRF, equal to 4.6 % of the country's gross ...

This study provides an overview of the EFSD+, a core part of the NDICI-Global Europe Instrument. The study situates the EFSD+ in the context of previous EU experiences with the use of blended finance and guarantees to address external action objectives, focusing on the EIB’s External Lending Mandate (ELM) and the European Fund for Sustainable Development (EFSD). The study examines key challenges related to the accountability and performance of these instruments to inform oversight of EFSD+ implementation ...

The Lisbon Treaty entered into force in 2009, providing the European Union (EU) with exclusive competence in the area of 'direct investment', as part of the common commercial policy. This covers the conclusion of international investment agreements (IIAs), which typically aim to protect and/or liberalise foreign direct investment. Since then, the EU has ratified protection IIAs (or provisions in trade agreements) with Canada, Singapore and Vietnam. Early on, concerns were raised as to the specific ...