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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 ...

This document provides an overview of Economic Dialogues with the other institutions of the European Union that has taken place in the competent committee(s) of the European Parliament since September 2019 under the European Semester for economic policy coordination. It also lists the Recovery and Resilience Dialogues with the European Commission as undertaken by the competent committee(s) since the entry of force of the Recovery and Resilience Facility in 2021. It also includes an overview of the ...

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, to which a REPowerEU chapter was added, the plan's worth reached €163 billion (or 13.1 % of national gross domestic product (GDP) in 2019), which is an increase of roughly 135 % compared with the original (2021) ...

Sustainable Development Goals (SDGs) were established in 2015 as a compass for global action under the United Nations (UN) 2030 Agenda for Sustainable Development. There are 17 goals on a variety of topics, with SDG7 dedicated to energy. The annual UN High-Level Political Forum (HLPF) will discuss progress on the goals on 10 19 July 2023, with energy as one of the five goals chosen this year for an in-depth review. The European Union has taken steps to link the SDGs with its policymaking. The von ...

Next Generation EU (NGEU) is the unprecedented instrument created by the European Union (EU) to help Member States recover from the socio-economic impact of the COVID 19 crisis, while also addressing structural challenges such as the green and digital transition. Its main spending tool is the €723.8 billion Recovery and Resilience Facility (RRF) that finances ambitious packages of reform and investment measures agreed in the Member States' national recovery and resilience plans (NRRPs). Given the ...

The 2024 EU budget will be the fourth under the multiannual financial framework (MFF) for 2021 to 2027. The European Parliament contributes to the preparation of proposals for the forthcoming year's European Union budget through the adoption of its 'guidelines'. The draft guidelines, as adopted by the Committee on Budgets on 28 March 2023, outline Parliament's goals for the Union's 2024 budget. Parliament is expected to adopt its guidelines during the April plenary session, ahead of the Commission's ...

In July 2022, the European Commission published its third annual rule of law report, which contains an individual chapter for each of the 27 EU Member States. In contrast to the rule of law reports from 2020 and 2021, this latest one makes country-specific recommendations to all Member States, something the European Parliament had been repeatedly calling for. This brings the rule of law report into closer alignment with the European Semester – as acknowledged by the third report itself. From originally ...

This briefing focuses on policy measures to contain aggressive tax planning (ATP) that six Member States – Ireland, Cyprus, Luxembourg, Hungary, Malta and the Netherlands – have laid out in their individual national recovery and resilience plans, which were drawn up in order to benefit from the Next Generation EU (NGEU) recovery instrument. The countries were selected because their European Semester and 2019 and 2020 country-specific recommendations (CSRs) highlighted ATP concerns. ATP is a harmful ...

This note looks at the 2023 recommendation on the economic policies of the euro area proposed by the Commission and agreed by the Council. The note provides a review of the euro area recommendations from an institutional perspective and includes broad comparisons to earlier recommendations, in order to illustrate how policy concerns have evolved over time. This note is an update on a previous version and will be updated in light of relevant developments.

The National Productivity Boards

Briefing 28-02-2023

This document presents some features of the National Productivity Boards (originally proposed as Competitiveness Boards), introduced in the context of the deepening of the Economic and Monetary Union. It also provides some information on the status of implementation of National Productivity Boards in the Euro area Member States. This is an update of a previous version published in 2018.