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Luxembourg's National Recovery and Resilience Plan (NRRP) was initially to be financed by the Recovery and Resilience Facility (RRF) with a total of €93.4 million in grants. This allocation accounted for around 51 % of the total estimated value of the Luxembourgish NRRP (€183.1 million). Further 46 % of the costs are to be covered by the national budget, and 3 % from other EU co-financing. Under the RRF Regulation, Member States can request RRF loans until 31 August 2023; Luxembourg has not yet done ...

This document provides an overview of key developments under the preventive and corrective arms of the Stability and Growth Pact on the basis of the latest Commission and Council decisions and recommendations in the framework of the Stability and Growth Pact and the latest European Commission economic forecasts. It also includes a section on the on-going review of the EU fiscal framework. This document is regularly updated.

Romania's National Recovery and Resilience Plan (NRRP) embodies an ambitious agenda of reforms and investment aimed at mitigating the socio-economic effects of the COVID-19 crisis. The total cost of the plan amounts to €29.2 billion, or 13.1 % of the country's 2019 gross domestic product (GDP). This allocation, corresponding to 4 % of the total volume of the Recovery and Resilience Facility (RRF), includes the entire initial grant allocation (€14.2 billion) and a considerable part (€14.9 billion) ...

Malta's National Recovery and Resilience Plan (NRRP) has a total value of €344.9 million. However, under the EU's Recovery and Resilience Facility (RRF), which is at the core of the EU's Next Generation EU instrument, Malta is expected to receive around €316.4 million, slightly below the value of the plan, and entirely in grants. On 30 June 2022, the European Commission recalculated the maximum grant amounts for all Member States; this resulted in a cut for Malta and a new total of €258.3 million ...

This Report is a research on the current performance of the shared management component of the European Maritime and Fisheries Fund (EMFF) and its impact on the Common Fisheries Policy. Based on quantitative data collection as well as on interviews with Managing Authorities of Member States and stakeholders, the Report also analyses the legislative proposal for the post-2020 EMFF and seeks to support the Members of the PECH Committee of the EU Parliament in their consideration.

Even though the EU and Iran have worked together over the past 4 years to save the nuclear agreement known as the Joint Comprehensive Plan of Action (JCPOA), relations between the two sides have reached a new low. The EU is concerned about the acceleration of Iran's nuclear programme in violation of the JCPOA and the country's reluctance to cooperate fully with the International Atomic Energy Agency. In addition, the Iranian authorities' violent crackdown on and execution of peaceful protesters has ...

Following Ukraine's repeated requests, and almost a year of hesitation and delicate negotiations, in January 2023, EU Member States, Norway, the UK and the US finally decided to send Western-made main battle tanks (MBTs) to Ukraine. This issue of whether to supply such tanks has been particularly contentious since the start of the war.

Croatia's National Recovery and Resilience Plan (NRRP) is an ambitious outline of reforms and investment designed to mitigate the pandemic's socio-economic fallout. Compared with the size of its economy, Croatia is the largest recipient of Recovery and Resilience Facility (RRF) funds, with a total financial allocation of €6 295 million, or 11.6 % of the country's gross domestic product (GDP). The allocation corresponds to 0.9 % of the total RRF volume, and is entirely grant-based. In June 2022, the ...

Our infographic provides an insight into the economic performance of Australia and New Zealand compared to the EU, and looks at the trade dynamics between the two blocs. Australia and New Zealand are among the most developed countries in the world. Although the COVID-19 pandemic interrupted economic growth in 2020, GDP per capita quickly recovered and reached all-time highs the following year. While low unemployment rates and stable currencies contribute to economic strength, rising public debt and ...

Spain's National Recovery and Resilience Plan (NRRP) is one of the biggest financed by the Next Generation EU (NGEU) recovery instrument. It contains the largest amount, in terms of grants, under the unprecedented EU response to the crisis caused by the coronavirus pandemic. Spain's national allocation for grants under the Recovery and Resilience Facility (RRF) amounts to €69.5 billion and represents 9.6 % of the entire RRF, or 5.6 % of the country's gross domestic product (GDP) in 2019 (the RRF ...