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Romania's national recovery and resilience plan (NRRP) represents an ambitious agenda of reforms and investment aimed at mitigating the socio-economic effects of the COVID-19, energy and cost-of-living crises. The amended plan – approved by the Council on 8 December 2023 – amounts to €28.5 billion or 12.8 % of the country's 2019 gross domestic product (GDP). This includes the Recovery and Resilience Facility (RRF) grants of €12.1 billion (cut by 14.9 % following the June 2022 revision of the allocation ...

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 ...

Executive Vice-President Dombrovskis and Commissioner Gentiloni are invited to the 14th Recovery and Resilience Dialogue (RRD) under the Recovery and Resilience Facility (RRF) Regulation. The previous RRD took place on 11 December 2023. This briefing describes the state of play of the implementation of the RRF, and then focusses on the Commission’s recent preliminary assessments of milestones and targets related to payment requests submitted by Portugal, Germany, France, Slovakia, and Italy.

While supporting countries' recovery, resilience, future crisis preparedness, and improving their growth potential, the Recovery and Resilience Facility (RRF) has a clear role in promoting economic, social and territorial cohesion in the European Union. This role is emphasised by the legal basis used for establishing the Facility – Article 175 of the Treaty on the Functioning of the EU (TFEU) – the same article that underpins EU cohesion policy measures. One of the RRF's main objectives, or six pillars ...

After showing unexpectedly strong economic resilience in the face of the pandemic and the energy price shock triggered by Russia’s war in Ukraine, Europe is bracing for an uncertain soft landing. The latest economic forecast points towards weakening growth. Real GDP growth is expected to be 0.6 % in both the EU and the euro area in 2023, having been revised downwards for the second time this year. This is partly explained by a heavier toll from monetary policy tightening than expected, alongside ...

This paper provides an overview of stakeholders’ activities at EU, national, regional and local level, in relation to national Recovery and Resilience Plans (RRPs). It presents a set of latest opinions and assessments by EU stakeholders and other relevant institutions and bodies on the implementation of these plans.

Executive Vice-President Dombrovskis and Commissioner Gentiloni are invited to the 13th Recovery and Resilience Dialogue (RRD) under the Recovery and Resilience Facility (RRF) Regulation. The previous RRD took place on 2 October. This briefing describes the state of play of the implementation of the RRF, and then focusses on an analysis of those modified RRPs that contain a REPowerEU chapter and were already approved by the Council, detailing on some information presented therein and commenting ...

La facilité pour l’Ukraine a été conçue pour soutenir l’Ukraine, notamment dans son redressement et sa progression sur la voie de l’adhésion à l’Union, avec une enveloppe maximale de 50 milliards d’euros pour la période 2024-2027. La Commission a proposé un projet de règlement sur lequel la commission des budgets (BUDG) et la commission des affaires étrangères (AFET) ont adopté conjointement un rapport le 5 octobre 2023. Un vote partiel est envisagé pour la session plénière d’octobre II, afin d’établir ...

The Member States have drawn up their individual national recovery and resilience plans (NRRPs, or 'recovery plans') to benefit from the Next Generation EU (NGEU) recovery instrument and its main spending tool, the Recovery and Resilience Facility (RRF), and to emerge stronger from the COVID 19 crisis. To receive RRF funding, Member States must address at least a significant subset of the country-specific recommendations (CSRs) and foster the green and digital transitions, by achieving the milestones ...

Early work is underway on the post-2027 reform of EU cohesion policy. This creates a unique opportunity for regional and local stakeholders to influence national positions and those of the European institutions at an early stage, well before the actual start of the legislative process. This reflection process is not only technical, but is also highly political because it touches on many of the challenges the EU is facing. Key issues include the degree to which other EU policies support cohesion objectives ...