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France's National Recovery and Resilience Plan (NRRP) is a subpart of 'France Relance', a larger recovery strategy France adopted in 2020 at national level, worth €100 billion in total (4.1 % of France's gross domestic product (GDP) in 2019). The NRRP had an initial value of €40.9 billion (total costs), while the plan as amended in 2023 is worth €41.9 billion. Under the Recovery and Resilience Facility (RRF), at the core of the Next Generation EU (NGEU) instrument, France's RRF grant allocation decreased ...

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 ...

When businesses start operating across borders, they are faced with a new and unfamiliar corporate tax system in each EU Member State. As a result, businesses with cross-border activities have to spend time and resources on understanding and complying with complex local corporate tax rules. This represents a significant administrative burden, in particular for small companies. To lower tax compliance costs, the European Commission tabled on 12 September 2023 a proposal for a Council directive to ...

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 ...

In July 2023, the European Commission tabled a package of three proposals for the greening of freight transport. Among them is a proposal for a single methodology for calculating greenhouse gas (GHG) emissions from transport services, referred to as CountEmissionsEU. The initiative covers both freight and passenger transport. It aims to ensure that the GHG emissions data provided regarding transport services are reliable and accurate, to allow fair comparison between transport services. It establishes ...

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 December 2022, the European Commission proposed a revision of the Regulation on the classification, labelling and packaging of substances and mixtures, one of the two cornerstones of the EU's framework regulating chemicals. The revision, announced in the EU chemicals strategy for sustainability, notably seeks to identify and classify hazardous chemicals more comprehensively; improve communication on chemical hazards and the notification of relevant information to poison centres for emergency health ...

The current Regulation (EC) No 561/2006 on minimum breaks and rest periods for road freight and passenger transport drivers does not take into account the nature of occasional bus and coach services, and their drivers' specific needs. The European Commission has therefore proposed to amend this legislation and to introduce more flexible rules on splitting up breaks and taking daily and weekly rest periods. In the European Parliament, the Committee on Transport and Tourism (TRAN) is responsible for ...

In July 2023, the European Commission tabled a package of proposals for the greening of freight transport. Among the three proposals is one on improving the use of rail infrastructure capacity. The proposed text includes changes to the rules on the planning and allocation of railway infrastructure capacity, currently covered by Directive 2012/34/EU and Regulation (EU) No 913/2010. The aim of the changes is to allow rail infrastructure capacity and traffic to be managed more efficiently, thereby improving ...

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 ...