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Finland's national recovery and resilience plan (NRRP) is part of the national sustainable growth programme and its main source of financing. Next Generation EU (NGEU) – the EU's response to the social and economic crisis triggered by the COVID-19 pandemic – initially envisaged an allocation of €2 090 million in grants to Finland under its Recovery and Resilience Facility (RRF). After the update of all national allocations in June 2022, Finland's share was revised downwards to €1 822 million in grants ...

Slovakia is set to receive €6 408.5 million, solely in grants, to implement its national recovery and resilience plan (NRRP, Plán obnovy), representing 6.8 % of the country's gross domestic product (GDP) in 2019. On 13 May 2025, the Council approved Slovakia's amended NRRP addressing technical and procurement challenges, introducing new reforms and investments, and adjusting timelines. The updated plan reduced its green investment ambition by 4.6 percentage points (pps), but reinforced its digital ...

Spain's national recovery and resilience plan (NRRP) is the second largest (in absolute figures) financed by the Next Generation EU (NGEU) recovery instrument and its main spending tool, the Recovery and Resilience Facility (RRF). Following the October 2023 amendment of the Spanish NRRP, adding a REPowerEU chapter, the plan's value reached €163 billion (or 13.1 % of national gross domestic product (GDP) in 2019), an increase of roughly 135 % compared with the original plan of 2021 (€69.5 billion ...

Romania's national recovery and resilience plan (NRRP) represents an ambitious agenda of reforms and investment aimed at mitigating the socioeconomic 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 ...

Malta's National Recovery and Resilience Plan (NRRP) had an initial value of €344.9 million, while its amended plan is worth €336.3 million. Under the EU's Recovery and Resilience Facility (RRF), at the core of the Next Generation EU (NGEU) instrument, Malta's RRF grant allocation decreased from €316.4 million to €258.3 million. In April 2023, Malta submitted a request to amend its NRRP, to which it added a new REPowerEU chapter with an additional grant allocation of €30 million. It also requested ...

The Trade and Cooperation Agreement (TCA) between the European Union (EU) and the United Kingdom (UK), which entered into force in May 2021, governs the EU's relationship with the UK, following its withdrawal from the EU. In addition to the European Commission evaluating the implementation of the TCA on an annual basis, Article 776 of the TCA provides for a joint review of the deal's implementation five years after its entry into force, in 2026. On 20 November 2024, the European Parliament's Conference ...

This infographic provides insight into the economic performance of Canada and Mexico compared with the European Union (EU) and examines the trade dynamics between them. For 2024, the growth rate for Canada is expected to be at 1.3%, whereas Mexico is at 1.5%. The trend in inflation rates is continuing to decline, with estimates of 4.7% for Mexico and 2.6% for Canada. Overall trade relations between the EU, Canada, and Mexico have shown positive growth over the last two decades. Since 2020, both Canada ...

Sweden's national recovery and resilience plan (NRRP) is financed by the EU Recovery and Resilience Facility (RRF). The NRRP's total volume increased from an initial €3 289 million to €3 502 million in the revised version. The total amount of funds under the RRF was revised in June 2022, which reduced the final amount allocated to Sweden to €3 181 million. Adding to this its REPowerEU grant allocation of €198 million and the requested transfer of €66 million of its share of the Brexit Adjustment ...

Greece was among the first four EU Member States to submit its national recovery and resilience plan (NRRP) in April 2021. Since then, Greece has modified its plan in December 2023, adding a REPowerEU chapter and expanding its loan programme, and in July and December 2024, introducing smaller targeted revisions. The Greek plan now envisages investment and reforms worth €35.9 billion, to be implemented up to 2026; €18.2 billion will be financed from non-repayable financial support (grants), while ...

Under the Recovery and Resilience Facility (RRF), Hungary was allocated €5.8 billion in the form of grants. This amount reflects the European Commission's revision applied in June 2022 to all EU Member States, as the initial Hungarian national recovery and resilience plan (NRRP) was only approved past that date, at the end of 2022. In August 2023, the country submitted a modified NRRP in order to make changes to several measures due to objective circumstances, and to include a new REPowerEU chapter ...