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Latvia's National Recovery and Resilience Plan (NRRP) sets the package of reforms and investment measures designed by the country in the context of the European Union (EU) response to the crisis triggered by the coronavirus pandemic. In absolute figures, Latvia has decided to use €1 826 millions of grant allocation under the Recovery and Resilience Facility (RRF), while declining to avail of the loan component. These resources represent 0.3 % of the entire RRF, equal to 6 % of the country's gross ...

Bruno Le Maire, Minister of the Economy, Finance and the Recovery of France, is participating in the ECON Committee in his capacity of President of the ECOFIN Council during the French Presidency (January-June 2022). In accordance with the Treaty of the Union, “Member States shall regard their economic policies as a matter of common concern and shall coordinate them within the Council”. This briefing provides an overview of the French presidency priorities in ECON matters, including the Council ...

The revision of the Energy Taxation Directive (ETD) is part of the 'fit for 55' package. The current ETD (Directive 2003/96/EC) is outdated and out of sync with the EU's climate and energy objectives. It favours the use of fossil fuels and no longer contributes to the proper functioning of the internal market. The aspects of energy taxation requiring most urgent revision are the level and structure of minimum rates, replacement of the volume-based approach to energy taxation with one based on energy ...

This note presents the EU Member States' situation with respect to the Macroeconomic Imbalance Procedure (MIP), taking into account the most recent assessments and decisions by the European Commission and the Council. It presents the relations between the MIP and the Recovery and Resilience Facility, and the MIP in the context of the review of the EU economic governance. It also gives an overview of relevant positions taken on the MIP by EU institutions. A separate EGOV note summarises the Macroeconomic ...

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. For the time being, Spain has decided to use its national allocation for grants under the Recovery and Resilience Facility (RRF). The proposed and approved amount (€69.5 billion) represents 9.6 % of the entire RRF, equal to 5.6 ...

In absolute figures, Italy’s Recovery and Resilience Plan is the largest national plan under the unprecedented EU response to the crisis triggered by the coronavirus pandemic. Italy has decided to use its entire national allocation under the Recovery and Resilience Facility (RRF), including its loan component. Totalling €191.5 billion, these resources represent 26.5 % of the entire RRF, equal to 10.7 % of the country’s gross domestic product (GDP) in 2019 (the RRF being 5.2 % of EU-27 GDP in 2019 ...

Green bonds are committed to financing or re-financing investments, projects, expenditure or assets helping to address climate and environmental issues. Both governments and companies use them to finance the transition to a more sustainable and low-carbon economy. Since the EIB inaugurated the green bond market in 2007 with its Climate Awareness Bond, the market has grown very fast, but it still represents only about 3 to 3.5 % of overall bond issuance. The green bond market needs to grow more quickly ...

Ten issues to watch in 2022

Padziļināta analīze 10-01-2022

This is the sixth edition of an annual EPRS publication aimed at identifying and framing some of the key issues and policy areas that have the potential to feature prominently in public debate and on the political agenda of the European Union over the coming year. The topics analysed encompass achieving zero greenhouse gas emissions while maintaining economic growth, securing supply chains of semiconductors, moving towards sustainable agriculture, ensuring nuclear non proliferation, shaping the economic ...

The last regular European Council meeting of 2021, on 16 December, will discuss a broad range of topics, notably the coronavirus pandemic, crisis management and resilience, energy prices, security and defence, migration, and external relations. In the context of the worsening epidemiological situation and the emergence of the Omicron variant, EU leaders will address progress in vaccination across the EU and the impact of new restrictions on the single market. They will also discuss international ...

This paper aims to support the scrutiny of the national Recovery and Resilience Plans and its implementation by providing an overview of EU stakeholders, other relevant institutions and bodies’ assessments/opinions related to these plans, including specific monitoring activities by think tanks and civil society organisations. Furthermore, it includes a summary of the Commission assessments of the overall involvement of stakeholders in the recovery and resilience plans. The paper will be regularly ...