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On 24 January 2024, the European Commission published a legislative proposal under the ordinary legislative procedure for a new regulation on the screening of foreign investments in the Union. It seeks to revise and repeal Regulation (EU) 2019/452 establishing a framework for the screening of foreign direct investments into the Union. Parliament's committee on international trade is expected to be in the lead to draft a report with contributing opinions from other committees; once adopted by the ...

Ireland's national recovery and resilience plan (NRRP) has the fourth smallest allocation in absolute figures under the Recovery and Resilience Facility (RRF). Following the European Commission's 2022 update of national allocations, the initial €989 million allocation was adjusted to €914.4 million in grants, to be disbursed in five instalments. Ireland asked to amend its latest plan in March 2024, when it submitted a new REPowerEU chapter to accelerate the green transition, leading to the allocation ...

In 2019, the European Union (EU) adopted the Foreign Direct Investment (FDI) Screening Regulation (Regulation 2019/452/EU), applied since October 2020. The regulation provides the EU with a framework for screening incoming foreign direct investment (FDI) from third-countries, with the objective of better equipping the EU to identify, assess and mitigate potential risks certain FDIs pose to the security or public order of the Union or its Member States. These concern, for example, access to sensitive ...

This paper provides a review/summary of 10 papers prepared by external experts, which examine and recommend initiatives for financing the EU's growth model amidst global challenges. These papers were requested by the Committee on Economic and Monetary Affairs (ECON) of the European Parliament. They may feed into the policy debate on how to frame a forthcoming new European competitiveness deal as agreed by the European Council.

Portugal is set to receive €22.2 billion in both non repayable support and loans from the Recovery and Resilience Facility (RRF), the unprecedented EU response to the crisis triggered by the coronavirus pandemic. This amount corresponds to 3.1 % of the entire RRF, and to 10.7 % of Portugal's 2019 gross domestic product (GDP). The revised plan – approved by the Council on 8 December 2023 – includes REPowerEU grants worth €0.7 billion and the transfer of Portugal's total share (€81.4 million) from ...

The Sustainability-Related Financial Disclosures Regulation (SFDR) is the centrepiece of the sustainable finance strategy for funds and other financial products. However, its provisions are too complex, do not work as intended, and interact insufficiently with provisions shaping corporate reporting, indexes, or client preferences. A revised SFRD should include more recognisable product labels or categories, enable and foster transition investments, smoothly interact with corporate reporting, and ...

Germany was originally entitled to a maximum financial contribution of €25.6 billion in grants from the Recovery and Resilience Facility (RRF), the unprecedented EU response to the crisis triggered by the coronavirus pandemic. The national recovery and resilience plan (NRRP) for Germany does not include requests for loans. Updated on 30 June 2022, the maximum financial contribution increased to €28.02 billion. This amount corresponds to 3.9 % of the entire RRF and to 0.7 % of Germany's 2019 gross ...

The European Sovereignty Fund (EUSF) should invest in Europe’s future by investing indirectly in start-ups and scale-ups via the existing Fund of the European Innovation Council (EIC). This would be concrete step to advance the aims of the recently agreed Strategic Technologies for Europe Platform (STEP). The EUSF could also invest in security of supply by acquiring and managing strategic stockpiles of critical raw materials. This would foster the aim of the Critical Raw Material Act. To succeed ...

Achieving Sustainable Development Goals and climate targets in the face of rising debt levels requires financial resources which the current Global Financial Architecture (GFA) is failing to meet. In this context, calls for reforming the GFA have taken both front and centre stage. These calls are not just for raising more finance, but for making the GFA more equitable, just and responsive to crises by addressing longstanding limitations affecting most countries worldwide. This analysis uses desktop ...

On 4 March 2024, the Council adopted a decision to conclude the first-ever sustainable investment facilitation agreement between the EU and a third country, Angola. The aim is to make investment easier and more sustainable by promoting transparency, streamlining procedures and encouraging responsible business practices.