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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 ...

Prompted by the pandemic and the resulting crisis, the EU set up a recovery instrument – Next Generation EU (NGEU) – to help Member States address the downturn. NGEU's main funding tool – the Recovery and Resilience Facility (RRF) – has made available €723 billion in grants and loans to EU Member States for reform and investment in six priority areas, addressing common challenges. Focusing on the RRF's social dimension, this briefing looks at how the facility is helping not only to address the direct ...

Ireland's National Recovery and Resilience Plan (NRRP) is small compared with most Member States' plans. In absolute terms and per capita, it has the second smallest allocation (after Luxembourg) under the Recovery and Resilience Facility (RRF). Following the European Commission's update of national allocations, the initial €989 million allocation has been adjusted to €914.4 million in grants, to be disbursed in five instalments. Ireland has not yet submitted a REPowerEU chapter. It asked to amend ...

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 Recovery and Resilience Facility (RRF) is the main element of Next Generation EU (NGEU), the EU's recovery plan, designed to help EU Member States navigate their way out of the COVID-19 crisis and towards a more resilient future. To receive financing from NGEU, each Member State had to prepare a national recovery and resilience plan (NRRP) and include in it reforms and investment addressing six policy areas, or the six pillars of the RRF. The fifth pillar, 'Health, and economic, social and institutional ...

Luxemburgs nationaler Aufbau- und Resilienzplan (NARP) sollte ursprünglich über Zuschüsse in Höhe von insgesamt 93,4 Mio. EUR aus der Aufbau- und Resilienzfazilität (ARF) finanziert werden. Diese Zuweisung entsprach etwa 51 % des geschätzten Gesamtwerts des luxemburgischen NARP (183,1 Mio. EUR). Weitere 46 % der Kosten sollen über den Staatshaushalt und 3 % über sonstige EU-Kofinanzierungen gedeckt werden. Gemäß der ARF-Verordnung können die Mitgliedstaaten bis 31. August 2023 ARF-Darlehen beantragen ...

The implementation of the Recovery and Resilience Facility (RRF) is well underway, with all EU Member States' national recovery and resilience plans in place and disbursements having reached over €150 billion so far. Except for pre-financing, the condition for disbursing RRF funds to Member States is the successful achievement of pre-defined milestones and targets, laid out in the annexes to the Council implementing decisions and linked to each payment request. The RRF Regulation envisages the possibility ...

The Recovery and Resilience Facility (RRF) is the main financing tool of the EU's Recovery Instrument (NextGenerationEU), set up to aid Member States in their post-pandemic recovery. The RRF stands out from other EU programmes not only because of its volume (€723.8 billion, at current prices), amounting to almost 60 % on top of the entire EU multiannual financial framework for 2021-2027, but in its spending model. First, it is implemented under direct management by the Commission, but relies on the ...

The Recovery and Resilience Facility (RRF) is the main element of the EU's innovative financing instrument, Next Generation EU (NGEU), established with the aim to drive the EU's post-pandemic economic recovery towards a resilient future. The RRF is a performance-based instrument from which Member States can receive funds once they have met prior commitments (milestones and targets). The funds help the Member States make the reforms and investments they have envisaged under their dedicated national ...

Das Parlament wird voraussichtlich auf seiner November-II-Plenartagung über den Bericht des Haushaltsausschusses (BUDG) über die Finanzierungsstrategie zur Finanzierung des Aufbauinstruments Next Generation EU (NGEU) abstimmen. In diesem Bericht wird die Umsetzung der Strategie bewertet, die Kommission aufgefordert, dem Parlament systematisch Bericht zu erstatten, und betont, dass Transparenz und neue Eigenmittel erforderlich sind. Zudem werden potenzielle positive Auswirkungen und Herausforderungen ...