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Romania's national recovery and resilience plan (NRRP) represents an ambitious agenda of reforms and investment aimed at mitigating the socio-economic effects of the COVID-19, energy and cost-of-living crises. The amended plan – approved by the Council on 8 December 2023 – amounts to €28.5 billion or 12.8 % of the country's 2019 gross domestic product (GDP). This includes the Recovery and Resilience Facility (RRF) grants of €12.1 billion (cut by 14.9 % following the June 2022 revision of the allocation ...

EU anti-coercion instrument

Briefing 14-03-2024

It is widely held that geopolitical tensions in the world are on the rise. One of the clear indicators of this phenomenon is the increasing use of economic tools for the pursuit of strategic and geopolitical goals. This can take the form of coercion used by one country against another through restrictions on trade or investment in order to interfere with their sovereign choices. In response to the EU and its Member States becoming the target of deliberate economic coercion in recent years, on 8 December ...

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 ...

The Construction Products Regulation (Regulation (EU) No 305/2011, CPR) has applied fully since 1 July 2013. Its objective is to achieve the proper functioning of the internal market for construction products (such as waterproofing sheets, thermal insulation foams, chimneys and wood-based panels for permanent incorporation in construction works), by means of harmonised rules for their marketing in the EU. The CPR, which provides a common technical language to assess the performance of construction ...

The Ukraine Facility supports Ukraine, its recovery and its path to EU accession, allocating up to €50 billion for 2024 to 2027. Regulation (EU) 2024/792 establishing the Ukraine Facility was adopted by the European Parliament and the Council in February 2024. The EU budget is supposed to finance the Facility's €17 billion in grants and guarantee its €33 billion in loans. Additional financing is expected to come from frozen Russian assets. In the negotiations with the Council, the European Parliament ...

Victims of terrorism: EU response

At a Glance 08-03-2024

On 11 March, Europe honours all those who have lost their lives or loved ones to terror. The European Day of Remembrance of Victims of Terrorism was inaugurated after the 2004 Madrid bombings. Protecting victims of terrorism is an essential part of the EU's efforts to address all dimensions of the terrorist threat. In response to the attacks that have hit Europe over the past two decades, the EU has strengthened its rules and sanctions relating to terrorist activities. Ongoing EU action seeks to ...

On 13 July 2016, as part of the reform of the common European asylum system and the long-term policy on better migration management, the European Commission presented a proposal to provide for a permanent framework with standard common procedures for resettlement across the EU, to complement current national and multilateral resettlement initiatives. Resettlement is a tool to help displaced persons in need of protection reach Europe safely and legally, and receive protection for as long as necessary ...

In 2016, with unprecedented numbers of irregular migrants and asylum-seekers arriving in the EU, the European Commission proposed a package of reforms to the common European asylum system (CEAS). In June 2018, a broad provisional agreement was reached between the European Parliament and the presidency of the Council of the EU on several of the reform proposals. However, the agreement did not get the necessary support from the Member States. The reform stalled owing to persistent disagreements among ...

On 29 November 2023, the European Parliament and the Council of the EU reached a compromise on the proposed directive to protect journalists and human rights activists from abusive cross- border civil proceedings, known as strategic lawsuits against public participation (SLAPPs). The directive's aim is to enable judges to identify SLAPPs and order their early dismissal, and thus spare the journalists or activists targeted by such proceedings the need to defend the manifestly unfounded claim brought ...

Cyber solidarity act

Briefing 13-02-2024

Russia's war against Ukraine has revealed the extent of our dependency on digital technology and the fragility of the digital space. It has triggered a surge in cyberattacks that have been particularly disruptive when targeting critical infrastructure – such as energy, health or finance – because of the increasing reliance on information technology, rendering this infrastructure all the more vulnerable. Against this backdrop, the Commission has proposed a regulation on a cyber solidarity act that ...