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Belgium's National Recovery and Resilience Plan: Latest state of play
The EU's Recovery and Resilience Facility (RRF) is the core component of Next Generation EU, a temporary recovery instrument that allows the European Commission to raise funds to help the economic and social recovery after the COVID-19 pandemic. By promoting the sustainable and inclusive recovery that ensures the green and digital transitions make progress, the RRF is consistent with the Commission's priorities. Belgium's initial maximum contribution to finance its national recovery and resilience ...
France's National Recovery and Resilience Plan: Latest state of play
France's National Recovery and Resilience Plan (NRRP) is a subpart of 'France Relance', a larger recovery strategy France adopted in 2020 at national level, worth €100 billion in total (4.1 % of France's gross domestic product (GDP) in 2019). The NRRP had an initial value of €40.9 billion (total costs), while the plan as amended in 2023 is worth €41.9 billion. Under the Recovery and Resilience Facility (RRF), at the core of the Next Generation EU (NGEU) instrument, France's RRF grant allocation decreased ...
Cyprus's National Recovery and Resilience Plan: Latest state of play
In absolute figures, Cyprus's amended national recovery and resilience plan (NRRP) has increased by €20 million to a total of €1.22 billion. Cyprus decided to use its allocation under the Recovery and Resilience Facility (RRF) predominantly in grants (€1 005 million), with €200.3 million in loans. In September 2023, Cyprus submitted a request to amend its NRRP, to which it added a new REPowerEU chapter, with an additional REPowerEU grant allocation of €52.5 million. It also requested to transfer ...
Lithuania's National Recovery and Resilience Plan: Latest state of play
Under the Recovery and Resilience Facility (RRF), Lithuania's national recovery and resilience plan (NRRP) had an initial value of €2 224 million. In June 2022, Lithuania's grant allocation was revised downwards to €2 100 million (- 5.6 %). In October 2023, however, Lithuania submitted a request to amend its NRRP, which includes an additional grant allocation of €193.7 million for a new REPowerEU chapter and a loan request worth €1 551.7 million. Lithuania also requested to transfer a portion of ...
Bulgaria's National Recovery and Resilience Plan: Latest state of play
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 ...
Latvia's National Recovery and Resilience Plan: Latest state of play
Under the Recovery and Resilience Facility (RRF), Latvia's national recovery and resilience plan (NRRP) had an initial value of €1 826 million. In June 2022, Latvia's grant allocation was revised slightly upwards to €1 835 million. In September 2023, Latvia submitted a request to amend its NRRP, to which it added a REPowerEU chapter endowed with an additional grant allocation of €124 million. It also requested to transfer a portion of its share of the Brexit Adjustment Reserve to its plan (€11 million ...
Planul național de redresare și reziliență al României: Situația cea mai recentă
Planul național de redresare și reziliență (PNRR) al României cuprinde o agendă ambițioasă de reforme și investiții menite să atenueze efectele socioeconomice ale crizei provocate de pandemia de COVID-19. Costul total al planului se ridică la 29,2 miliarde EUR, sau 13,1 % din produsul intern brut (PIB) al țării în 2019. Această alocare, ce reprezintă 4 % din volumul total al Mecanismului de redresare și reziliență (MRR), include întreaga alocare inițială de subvenții (14,2 miliarde EUR) și o parte ...
Slovakia's National Recovery and Resilience Plan: Latest state of play
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 ...
Lessons learned from the implementation of crisis response tools at EU level - Part 1: Assessing implementation and implications
As the EU grapples with successive crises, there is mounting pressure to develop swift and robust crisis response mechanisms. This study, divided into two parts, aims to enrich this discourse by examining four instruments – SURE, CRII, CRII+ and REACT-EU – introduced as a response to the pandemic. This paper forms the output of the first phase of the study and aims to distil lessons learned from the design and implementation of these instruments.
Establishing the Ukraine Facility: Financing Ukraine's recovery and its path to EU accession
The Ukraine Facility supports Ukraine, its recovery and its path to EU accession, allocating up to €50 billion for 2024 to 2027. Regulation (EU) 2024/792 establishing the Ukraine Facility was adopted by the European Parliament and the Council in February 2024. The EU budget is supposed to finance the Facility's €17 billion in grants and guarantee its €33 billion in loans. Additional financing is expected to come from frozen Russian assets. In the negotiations with the Council, the European Parliament ...