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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 ...

Croatia's National Recovery and Resilience Plan (NRRP) is an ambitious outline of reforms and investment designed to mitigate the pandemic's socioeconomic fallout. Following the December 2023 amendment of the Croatian NRRP, to which a REPowerEU chapter was added, the plan's worth reached €10 040.7 million (or 18.5 % of national gross domestic product (GDP) in 2019), an increase of over 59 % compared with the original (2021) version of the plan, which was worth €6 297 million in grants only. The amended ...

In nominal terms, Poland is the third biggest beneficiary of the Recovery and Resilience Facility (RRF), after Italy and Spain. EU support for implementing Poland's amended National Recovery and Resilience Plan (NRRP) – Krajowy Plan Odbudowy – amounts to €59.8 billion, and includes €25.3 billion in grants and €34.5 billion in loans. The amount is €24.5 billion (+ 69 %) higher than the one initially approved and takes into account a 2022 update of the maximum financial contribution, additional loans ...

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 ...

In May 2022, the Commission tabled a proposal ('DEBRA') to address the debt-equity bias in corporate taxation. As debt is treated more favourably from a tax perspective than equity, European companies are significantly more reliant on bank loans when funding new investments. To address this bias, the Commission proposes to introduce an allowance that will grant equity the same tax treatment as debt. The Council must vote unanimously, after consulting the Parliament, to adopt the directive. Parliament ...

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) ...

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). A 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 done ...

During the September 2023 plenary session, Parliament is scheduled to vote on the provisional agreement on EDIRPA reached with the Council in June 2023. EDIRPA is a €300 million fund to incentivise the joint procurement of urgent and critical defence products needed in the context of the response to Russia's war on Ukraine.

The study developed herein aims to address the concerns raised as to the field of retail investments. It aims at analysing market practices and the applicable legislative landscape in order to identify room for improvement and, ultimately, propose potential solutions to foster retail investor protection and participation in financial markets. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the Committee on Economic and ...