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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 ...

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 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 ...

During the February II session, Parliament is due to vote on giving consent to the first-ever revision of the EU's multiannual financial framework (MFF). That revision will provide €21 billion of additional funds, including €17 billion for Ukraine. Parliament has repeatedly demanded that the EU's long-term budget be revised urgently, to enable the EU to rise effectively to the challenges it faces. The agreement reached between Parliament and the Council ensures stable medium-term financial support ...

Strategic technologies for Europe platform

Lühitutvustus 22-02-2024

In June 2023, the European Commission published a proposal for a regulation establishing a new platform for strategic technologies for Europe (STEP). After three rounds of trilogue meetings, the Parliament and Council reached a provisional agreement on the text on 7 February 2024, and now need to formally adopt it. Parliament is due to vote on the text during its second February plenary session.

The EU's common foreign and security policy (CFSP) contributes to the Union's objectives of preserving peace, strengthening international security, promoting international cooperation, and developing and consolidating democracy, the rule of law, respect for human rights and fundamental freedoms. The European Parliament's Committee for Foreign Affairs (AFET) adopted its annual report on the implementation of the CFSP on 28 November 2023. The report highlights the need for stronger, more ambitious ...

This At a glance note summaries the study focusing on regional connectivity through an adequate transport infrastructure. The study provides an overview of the aspects of regional connectivity through adequate cohesion policy investments in rail and road transport infrastructures, mostly in the programming period 2014-2020. In detail, this analysis covers all types of transport-related investments (for goods and people) financed from the European Regional Development Fund and the Cohesion Fund. Moreover ...

For the first time ever, the European Parliament and the Council have agreed to revise the ceilings of the EU's multiannual financial framework. The agreement affects the remaining years of the current financial period: 2024 to 2027. The European Parliament had demanded a revision to enable the EU to rise to its challenges effectively. At the special European Council meeting on 1 February 2024, the EU Heads of State or Government reached a highly anticipated decision on the revision following the ...

Plenary round-up – February I 2024

Lühitutvustus 09-02-2024

A highlight of the February I 2024 plenary session was the debate on the conclusions of the special European Council meeting on 1 February, at which leaders reached agreement on EU funding, in particular for Ukraine. That was followed by a debate with the Council and Commission on the need for unwavering EU support for Ukraine, after two years of Russia's war of aggression against Ukraine. Members also debated empowering farmers and rural communities and ensuring sustainable and fairly rewarded EU ...

This publication seeks to assist the Members of the European Parliament Committee on Budgetary Control (CONT) in their work relating to the 2022 discharge procedure, scrutinising how the general budget of the European Union is spent. It is based on a sample of 13 special reports by the European Court of Auditors (ECA), which were presented during CONT committee meetings in the 12 months from December 2022 to November 2023, and for which the committee secretariat prepared working documents. The analysis ...